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What was the Dotcom crash?

The Dotcom crash, also known as the Dotcom bubble or the Internet bubble, was a period of economic downturn that occurred in the early 2000s. It was characterised by a sharp drop in stock prices of technology companies, particularly those that were involved in the Internet and online businesses.

The Dotcom crash was preceded by a period of rapid growth and enthusiasm in the technology sector, driven in part by the widespread adoption of the Internet and the rise of e-commerce. Many investors were eager to get in on the action, and they poured money into technology stocks, driving their prices to stratospheric levels.

However, the bubble eventually burst, and many of the companies that had been riding high saw their stock prices plummet. The crash was caused by a combination of factors, including overvaluation of technology stocks, speculation, and a lack of profitability among many Internet companies.

The Dotcom crash had far-reaching consequences for the economy and for individual investors. Many people who had invested heavily in technology stocks lost a significant amount of money, and the crash contributed to a broader economic downturn. It also led to a shift in investor sentiment, with many people becoming more cautious and sceptical about the potential of technology companies.

Overall, the Dotcom crash was a significant event in the history of the technology sector and the broader economy. It serves as a reminder of the risks and uncertainties that can arise in the world of investing, and the importance of caution and careful analysis.

“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business. ” – Van K. Tharp

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