Re: Bernake on Clinton surplus
- From: Jeff Davis <jd_home@xxxxxxxxxx>
- Date: Wed, 15 Feb 2006 20:18:38 -0500
Conner Stevens wrote:
"Jeff Davis" <jd_home@xxxxxxxxxx> wrote in message news:2cb9e$43f3caf1$8b3738b4$23576@xxxxxxxxxxxxx
Conner Stevens wrote:
"Jeff Davis" <jd_home@xxxxxxxxxx> wrote in message news:c0ffe$43f3b426$8b3738b4$11827@xxxxxxxxxxxxx
The dot com bubble burst in 1999. We had surpluses in 2000 and 2001.
HTH http://finance.yahoo.com/q/bc?s=%5EIXIC&t=my
The stock market collapse came on the heels of the dot com collapse AND the accounting scandals.
It wasn't merely the dot coms.
I agree with that statement. The point is that the market peeked in early 2000, declined significantly that year, meaning many people took money out of the market paying capital gains (in 00-01) on the profits accumulated over how every long they were in the market.
The stock market rose back to within spitting distance of its previouis highs in 2001. Nobody who didn't sell at the bottom was out that much.
.
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