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Burgers and Bubbles

Traders Magazine, March 2001

John A. Byrne ŘEditor

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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