Is this dotcom bust 2.0?
History shows how difficult it is to spot the exact moment that markets turn
Add BT as a preferred source
[NEW YORK] How do you know when a bubble has popped?
Twenty-five years ago on Monday, a multi-year US stock rally hit its peak and began a precipitous decline that would wipe 77 per cent off the value of the Nasdaq by the time it finally cratered two years later.
These days, the dotcom bubble has become shorthand for foolhardy enthusiasm for new technology and blind greed. So many investors were throwing money at blatantly unprofitable Internet companies that the markets were bound to come to grief.
TRENDING NOW
Canada’s fight with the US has far bigger stakes than trade
Can Bali swop beach capital for global capital without the skyscrapers?
Stripe’s Apac business should grow faster than any other region, says its chief revenue officer
What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief
