#DOTCOM CRASH:: MARCH 2000 AND FOR TWO MORE.... YEARS. SIMON CONSTABLE, OCCITANIE.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 13 March 2025
⏱️ 7 minutes
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1870 NYC
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| 0:00.0 | I'm John Batchel with my colleagues, Simon Constable, writing for the Wall Street Journal |
| 0:07.8 | and other distinguished publications. He takes us to March of 2000, the day the music died. |
| 0:15.4 | I was on an aircraft headed to Disneyland in Florida, Disney World is called, with my family and on the back of the seat in |
| 0:22.9 | front of me, Delta at the time, my memory, maybe it was American, I think it was Delta, put a |
| 0:28.4 | screen up that you could watch news in real time, so I was watching the market when it touched |
| 0:33.2 | the NASDAQ when it touched 5,000. And then what happened, Simon? |
| 0:41.0 | Then what happened is it basically, |
| 0:42.7 | but shortly thereafter, it basically started a dive that lasted a few years. |
| 0:48.5 | So the index tumbled by 77% from early March, right through to early October 2002. |
| 1:00.3 | And we just went down, down, down, down. |
| 1:03.6 | Now, its real high was up to 5,048.62. |
| 1:09.3 | That was the index for the NASDAq and it it surpassed the five thousand |
| 1:14.4 | now it's at twenty thousand one hundred and seventy four which is which was the record last year |
| 1:21.4 | um that was the big high so if you'd held on anyone who'd held on would have done very, very well. |
| 1:29.0 | I wonder if you know anyone like that. |
| 1:31.3 | I do not because you're talking about holding on the S&P 500 or some comparable index as opposed |
| 1:39.3 | to the companies themselves. |
| 1:40.8 | You have an old address, Simon. |
| 1:42.5 | We should mention it. |
| 1:43.9 | Simon has an email. It's Yahoo.com. an old address, Simon. We should mention it. Simon has an email. |
| 1:45.1 | It's Yahoo.com. That's a culprit for the collapse. They got a report in. Simon reports in |
| 1:51.8 | the Wall Street Journal. I got a report in that Yahoo had not added as many customers as it |
... |
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