The tech stock boom and bust of 1998-2002 was one of the greatest ever market bubbles, taking its place in the history books alongside Amsterdam’s 17th-century tulip mania, the UK’s South Sea fiasco of 1720 and the Wall Street craze of the 1920s.
After reaching 4816 in March 2000, the tech-heavy Nasdaq 100 index fell by 83% in little more than two years, devastating the portfolios of those surfing an internet-fuelled wave of optimism. Now, following a decade in the doldrums, the Nasdaq 100 is rapidly closing [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.