Jim Cramer

The dot-com tech-stock boom of early 2000 was very far from ending (said Feb 29, 2000).

“And we will keep doing so until this period is over – and it is very far from ending”

Said on

29 February 2000 · "The Winners of the New World" speech/column, TheStreet.com, reprinted on a Motley Fool discussion board

Source

Cramers top picks · Motley Fool Discussion Boards

Should come true

No date given

How sure they sounded

very far from ending

Categories

MarketsTechnology

Importance

3 of 5 · Call on the direction of the whole tech/internet stock market at the peak of the dot-com bubble.

Outcome

Inaccurate Happened 10 March 2000.

The Nasdaq peaked on March 10, 2000, about ten days after this statement, and the dot-com crash followed. Most of the ten "Winners" he named later lost 87-99% of their value.

Evidence:

• https://en.wikipedia.org/wiki/Dot-com_bubble
• https://andrewtobias.com/winners-for-the-new-world/