Are we experiencing the second dot-com bust? Some commentators are starting to draw comparisons between this year's tech crash, which has already cost the Nasdaq $8 trillion in value, and the dot-com bubble bust in 2000–2002, during which the Nasdaq suffered losses amounting to $8.6 trillion in today's dollars. On the other side, the industrially oriented Dow is on course to have its greatest October ever.
https://www.axios.com/2022/10/28/stock-market-tech-dot-com-bubble-2022
Is the Nasdaq expected to continue to plunge? What caused the bubble in the first place? The dot-com bubble in the early 2000s was caused by investors pouring money into tech startups in hope that they would turn a profit. Is something similar happening today?
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