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Once again, investors that placed their hopes in technology have been burned.
In 1999, they bet on fledging technology firms because of the promise of what they could be. In 2008, investors put their money in technology because of the promise of what they were not. In both cases, the results have not been as desired.
The Nasdaq Composite Index hit an intraday low of 1777.02 Monday, before recovering in what was still ultimately a terrible trading session. The drop returns the average to 1998 levels, where the index hovered before it went on a lightning advance that pushed the average to 5000 before it collapsed in 2001 and 2002.
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Original Source: feeds.wsjonline.com
6 Octubre, 2008| Economy |
@ 15:54
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