Business Insider: “The crash in the Nasdaq is looking a lot like the bursting of the 2000 dot-com bubble — and that lasted almost 3 years”By admin_45 in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Jessica Rabe:
.... "From January 2001 onwards, the Fed cut interest rates 11 times, according to Jessica Rabe, co-founder of financial analysts company DataTrek.
"Not even an accommodative Fed was able to rescue the Nasdaq in the early 2000s, but who knows how much worse it could have been had the central bank needed to keep raising rates to rein in inflation," Rabe said in a note to clients on Wednesday"....
Full article here on Business Insider.