Uhh, maybe that's because those stocks were ridiculously overpriced back then, with PE ratios totally out of whack. Sanity finally prevailed.
Sorry to soil the party, but NASDAQ still has ways to go before it reaches its all time high of over 5000. It isn't even half-way there.
Uhh, maybe that's because those stocks were ridiculously overpriced back then, with PE ratios totally out of whack. Sanity finally prevailed.
The whole Clintoonian Stock bubble and in particuliar the QQQ was a trip into the fantasy world. Many who took the trip lost a lot of money. Amazing they blame us, GW and try to deride the real increases the market has had since 2002.
Thanks for your clear analysis of why those stocks collapsed.