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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (7292)	9/24/2002 1:45:33 PM
From: stockman_scott	Read Replies (1) of 89467

Sep. 24, 2002: Nasdaq declines to six-year low IT'S NOW BELOW THE POINT WHERE THE BUBBLE STARTED By David A. Sylvester, Mercury News The Nasdaq plunged yet again Monday, and this time it finally wiped out all the wealth it had created during the tech bubble of the late 1990s. No matter how low the Nasdaq's stocks have dropped in the past two years, they have always remained above their lowest point in 1998, in the middle of the late 1990s tech run-up. On Monday, even that was lost. A sudden sell-off, sparked by a warning of poor profits at a key tech firm and further economic worries, hit tech stocks particularly hard, driving the Nasdaq composite index to its lowest point since Sept. 12, 1996. bayarea.com

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