[quote=no_such_reality]No, the NASDAQ peaked before the Y2K non-event in November at about 4300. Then over the next six-ish months it corrected about 10%. Then it fell off the cliff starting in May 2000 to Feb ’01 all the way down to 1619 before recovering to about 2100 to close Feb ’01. From there it yo-yo’d down over the next year+ to about 1300. Then rotted there about a year.[/quote]
Yup… all I remember about the dot.com crash was trying to sell my vested ISO stock options, just in case it came crashing down…. And buying put options to hedge against unvested shares, when it miraculously reached one day$415/share somewhere in between the first 8 months of trading, to hedge against the options that were not going to vest for another 2-3 years. Back then, companies didn’t have policies that restricted folks from doing this. I think about 1 year after 9/11, it was trading around $11/share….
The telling signing was the day that Amazon’s Bezo came on CNBC trying to explain to “shareholders” why that day the stock tanked….And not long after that 9/11 happened, and the market tanked even more and went into a selloff lower and lower. And then when we got involved in the Iraq war, things remained pretty absymal, except for defense companies that did really well… Around 2002-2003 I believe was also when there were a huge tech/recession, in which Bay Area actually saw a outflow of employees to SoCal and other parts of the U.S.
