NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
From 1/1/1999 to 1/1/2000, the S&P went up a "mere" 21%. The NASDAQ went up 102%! Halleluyah! Now, that's a real bubble.
And then, after New Year 2000 (remember that New Year celebration?), the S&P climbed some more to claim another 4% on March 24, 2000, but the NASDAQ climbed another 27%.
I have been keeping a diary since Dec 13, 1999. It shows that from Jan 1, 2000 to that fateful day on March 24, 2000, my portfolio climbed 16.5%. And I was never fully invested, but had perhaps 70% in stocks. I held a lot of tech stocks, not dot-coms, but they all went ballistic.
I was losing sleep over that much money. It could not be right! Yet, I did not sell until I lost all of that gain, and some more.
And then, after New Year 2000 (remember that New Year celebration?), the S&P climbed some more to claim another 4% on March 24, 2000, but the NASDAQ climbed another 27%.
I have been keeping a diary since Dec 13, 1999. It shows that from Jan 1, 2000 to that fateful day on March 24, 2000, my portfolio climbed 16.5%. And I was never fully invested, but had perhaps 70% in stocks. I held a lot of tech stocks, not dot-coms, but they all went ballistic.
I was losing sleep over that much money. It could not be right! Yet, I did not sell until I lost all of that gain, and some more.
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