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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (130194)12/31/2000 2:35:47 PM
From: Rob S.  Read Replies (2) of 1572099
 
Interesting statistics from an investment newsletter:

"The year the bubble burst was the name being used by the talking
heads on Friday. It fit well with the Nasdaq dropping -39% for
the year and wiping out all the gains from the speculative
bubble started in 1999. The Nasdaq went into the record books
with the biggest loss for a major market index since 1937. The
Nasdaq drop took -$3.3 trillion dollars out of investor accounts
since Jan-1st. This could have paid off 58% of the national debt
and this negative wealth effect is being felt in all areas of
the economy."
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