Word: nasdaq
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Dates: during 2000-2009
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...post-cold war world, Americans worry more about dotcom stocks falling on the NASDAQ than they do about missiles falling from the sky. For those who do fear nuclear holocaust, however, there is www.protectamericansnow.com There you can get your very own "Customized Missile Threat Profile." Just type in your ZIP code, and the program will tell you which countries purportedly have the ability to hit your community with intercontinental ballistic missiles--and which countries may soon have the power to make your life that kind of nightmare. The site was masterminded by Frank Gaffney, a former Deputy Assistant Secretary...
...dotcom economy, this logic made perfect sense to investors, who drove Priceline's stock to $119 a share. Profits were years away, but that was something that worried your old uncle in the boring old economy. Now, of course, the hottest concept sweeping the Web--with the NASDAQ off 26% and e-tailers disappearing faster than Energy Department hard drives--is actually making a buck...
...what now, Dow? More halting rallies, more scowling pullbacks. The NASDAQ, which has been pulling free of the Fed watch and flying on its own private indicators, will likely continue to do so. Greenspan doesn't have to worry much for another month - he'll have July's labor market picture in hand weeks before that all-important August interest-rate meeting. In the meantime, the stock markets will do the worrying...
...even the truest of new-economy true believers, bloody April--during which the NASDAQ fell 25.3% and the IPO window slammed shut--has given way to a Summer of Discontent. While most of the big names have recovered a bit from their April depths, they are still down for the year: Yahoo, off 50%; CMGI, down 70%; Priceline.com off 57%. Just last Friday, amid renewed analyst concerns about disappointing revenues, Amazon.com dropped 19% more to close at $34, off 70% from its December high. Amazon laid off 150 workers in January, Oxygen Media fired 15, and AltaVista sacked...
...Before the last market tank [April's NASDAQ collapse], I could have retired, bought three houses and my dream boat, and had $150,000 a year in interest to live on. Now I'm back where I started," says a senior engineer at a West Coast Web-services company, whose stock was briefly worth $9 million and is currently underwater. That means it has sunk beneath the price at which he originally bought...