Tuesday, November 18, 2008

Where did the Money go?

From Wikipedia about the dot coms


"The Dot-com bubble crash wiped out $5 trillion in market value of technology companies from March 2000 to October 2002."-

"Some believe the crash of the dot-com bubble contributed to the housing bubble in the U.S. Yale economist Robert Shiller said in 2005, “Once stocks fell, real estate became the primary outlet for the speculative frenzy that the stock market had unleashed. Where else could plungers apply their newly acquired trading talents? The materialistic display of the big house also has become a salve to bruised egos of disappointed stock investors. These days, the only thing that comes close to real estate as a national obsession is poker"

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