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Technology Stocks : WCOM
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To: el paradisio who wrote (6122)4/1/2000 1:27:00 PM
From: c.hinton  Read Replies (2) of 11568
 
Actually the economy only started to collapse a year later. The two months after the crash companys were still reporting record profits,the fed lowered intrest rates ,the market recoverd 50% of its losses.However by June the dow had recontinued its slide to finish at 42 two and a half years later.Its low point between the crash and the following rally was 230.Proir to the crash it was around 320.The real losses accured well after the bubble burst.
As to the being less informed, remember the twenties were the commercial advent of the radio,telephone and car.
relativly speaking these had a far greater impact, on every aspect of american life ,than the internet revolution. yours,chinton
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