Burgers and Bubbles
Traders Magazine, March 2001
There will be a sigh of relief from traders if a so-called tradable bottom emerges out of the
horrible bloodletting in the U.S. stock markets. The feeble Dow and Nasdaq indexes showed no signs of sustained gains in the quarter ended March 31. With the Nasdaq down more than 60 percent since its record high of 5,048.62 and the Dow off nearly 20 percent since its 11,722.98 peak, more than $4 trillion in legally created wealth has disappeared.
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