Word: nasdaq
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Dates: during 2000-2009
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...three months ending July 5, and the NASDAQ nearly double that. Which caused a friend of mine to ponder, on her commute home from Manhattan (where much pondering is done), What should I do with my investments? "Last week I told my husband to sell everything because we weren't going to see prices like this for quite some time," she says. "Of course, he didn't. But now I'm not sure that was the right call. I certainly can't tell from the papers." Or magazines...
...heights. Recently, Zhang, 39, the founder of Chinese Internet portal Sohu.com was clinging to the face of Mount Everest, 6,666 m above sea level. That's high but nothing compared with the altitude of his company's stock price. On July 10, Sohu shares closed at $38.25 on NASDAQ--a gain of 245% since April 1. More impressive, Sohu shares are worth 36 times their value during the dark days of the Internet bust, when they traded for less than...
...vast majority of the drugs and companies soon failed, and the stocks crashed. Another bubble surfaced in 1999-2000, largely driven by excitement over the mapping of the human genome. In the 18 months before March 2000, the American Stock Exchange's biotech index rose 563% while the nasdaq rose 238%. Both plunged in the next two years. Now biotech is hot again. Since the stock market started to find its footing last July, U.S. biotech shares have risen 57%. Another bubble? Not necessarily. Many of the companies have marched steadily closer to bringing products to market. MedImmune's inhalable...
...While everyone was focused on the run-up in Internet stocks, biotech shares rose twice as fast, largely driven by excitement over the mapping of the human genome. In the 18 months before March 2000, the American Stock Exchange's biotech index rose 563% while the NASDAQ rose 238%. Both plunged in the next two years...
Clarissa's world is narrow, existing within roughly 10 square blocks of West Los Angeles. Try as she might, she cannot remember the state in which her in-laws live (Georgia). She does not know what the NASDAQ is but understands the anthropological significance of floor seats at a Lakers game. Nevertheless, she proves to be a not only likable but also sympathetic character, particularly after her carefully planned march to the altar ends up throwing her for a financial loop...