The 2001 Stock Market crash, also known as the dot-com crash or the tech bubble burst, was a significant financial event that occurred in the early 2000s. It was characterized by a rapid rise and subsequent collapse of technology-related stocks, particularly those of internet-based companies.
During the late 1990s, the dot-com boom emerged as investors became increasingly optimistic about the potential of the internet and its related technologies. This optimism led to a speculative frenzy, with many internet-based companies experiencing skyrocketing stock prices. However, the valuations of these companies were often detached from their underlying financial performance, as many of them had little or no earnings.
The market was fueled by euphoria and excessive investor optimism, with individuals and institutions pouring money into tech stocks based on the belief that the internet would revolutionize industries and create unprecedented wealth. Venture capital funding flowed into internet startups, and there was a surge in Initial Public Offerings (IPOs) as dot-com companies sought to capitalize on investor enthusiasm.
The bubble eventually burst as concerns about inflated stock prices and the viability of numerous dot-com companies grew. A series of high-profile bankruptcies and closures of dot-com companies raised doubts about their sustainability, leading to a shift in investor sentiment. Analysts and investors began questioning the business models and profitability prospects of these companies.
The burst of the dot-com bubble triggered a stock market correction, with stock prices starting to decline rapidly. Panic selling ensued, as investors rushed to exit their positions, further exacerbating the downward spiral. The Nasdaq Composite, which is heavily weighted towards technology stocks, experienced a significant decline, ultimately falling by around 78% from its peak in March 2000 to its low point in October 2002.
The crash had broader economic implications. Many dot-com companies faced financial difficulties and went bankrupt, resulting in substantial job losses, particularly in the technology sector. The United States experienced an economic recession, marked by a decline in economic growth, increased unemployment rates, and reduced consumer spending. The impact was not limited to the United States, as international markets were interconnected and reliant on the performance of the U.S. economy.
In response to the crash, the U.S. government and the Federal Reserve took measures to stabilize the financial markets and stimulate economic recovery. These included interest rate cuts, tax cuts, and increased government spending. Over time, the markets gradually recovered, but the crash left lasting lessons and influenced future financial regulations and investor behavior.
The 2001 stock market crash serves as a reminder of the dangers of speculative bubbles and the importance of prudent investing, risk management, and regulatory oversight in financial markets. It emphasized the need for investors to understand market cycles, exercise caution during periods of excessive optimism, and diversify their investment portfolios.
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You invest into a company(for instance), and you pay them with Singapore's Currency :P
CobyGreySingapore Dollars (SGD)
The currency used in Singapore is Singapore Dollar (symbol: $, abbreviation: SGD). Brunei dollars are accepted almost like the local currency.
It estimates to about 337,500 Singapore Dollars.
No, 1 Singapore dollar = 0.799297 U.S. dollars
The budget of Ministry of Manpower - Singapore - is 1,000,000,000 dollars.
at the moment, 12 Sept 2007, it is $229 IN SINGAPORE DOLLARS.
about 26.40 in Singapore dollars.
A big no.
How much is a PSP in Singapore
31,657 Singapore dollars
Where can I change kyat to spore dollars in Singapore
About $100 Singapore dollars.