"The Nasdaq Composite Index plunged 39.3% to 2470.52 [during 2000], the worst year since it was created in 1971, giving back almost all of 1999's record 86% rocket ride. Its peak-to-trough 54% plunge represented a loss of $3.3 trillion in paper wealth, equivalent (in dollars if not effect) to one-third of the houses in America sliding into the ocean."
Nikolai Kondratieff
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