investmentyoo

Investment History Episode 14: The 2000 Dot-Com Bubble Collapse, Why Could Internet Innovation Not Prevent a Stock-Market Crash? The U.S. stock market of the 1990s produced a historic bull market supported by the information-technology revolution, globalization, stable inflation and interest rates, and steady inflows from retirement accounts and mutual funds. Personal computers and the internet genuinely changed the way companies operated and the way consumers lived, and investors expected the new economy to grow at a speed that traditional industries had never experienced. That expectation itself was not entirely wrong. The internet later transformed retail, advertising, finance, media, communications, education, and entertainment. Entire industries were reorganized around online platforms, and some technology companies eventually became among the most valuable businesses in the world. The problem was not the prediction that the internet would change society. The problem was the marke...