The Crash of 2000

investmenttool.com Cover Story

Nothing in this story should be interpreted as investment advice.

As I noted last week the Crash of 2000 might not have ended last Tuesday. Boy was I right.

As I write the stock market is in free fall. Anyone trying to sell shares is having a tough time finding any buyers. The Dow is down over 700 points, well over the record single day point loss. The NASDAQ is down over 400 points, also a record on points.

The NASDAQ has lost nearly 40% of its value since its peak on March 10. Is this a problem? No. It’s actually quite normal. The NASDAQ is still 30% over its levels of one year ago. Is it frightening? You bet.

One thing I’ve noticed is when panic sets in money starts to fly out of all stocks. The seller take very little interest in whether their company is a good long term hold or not. Selling just feeds on itself.

Good luck folks.

Shmuel Protter
investmenttool.com

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