Oklahoma Star
OklahomaStar.com Saturday 31st July 2010 Issue 212/2010
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  • Incoming BP CEO vows long term support for Gulf residents
  • Spain unemployment double EU average
  • BA fails to make profit in second quarter
  • $718 million deposits at LibertyBank seized by state regulator
  • Cowlitz and Bay Bank branches in Washington and Oregon closed
  • Coastal Community and Apalachicola State Bank closed
  • Centennial Bank takes over troubled Bayside Savings Bank
  • NorthWest Bank and Trust is terminated
  • Wall Street withstands lower GDP figure
  • Terminal 3 opened at Indira Gandhi International Airport
  • June quarter GDP comes in lower than expected
  • Australia will change bushfire tactics following report
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    Nasdaq crash was ten years ago
    Oklahoma Star
    Wednesday 10th March, 2010  


    It is ten years since the dotcom bubble burst.
    It is ten years since the dotcom bubble burst.

    The Nasdaq exchange had risen 24% from the end of 1999 while the Dow Jones index of leading industrial shares had fallen 13%.

    Many players, convinced the Nasdaq would smash through the 6,000-level, stayed on when, on the 10th March 2000, Nasdaq's leading technology shares spiked and fell quickly, ensuring the end of the overblown internet economy.

    Since then, the Nasdaq exchange has failed to recover fully and currently trades at less than half its peak value.

    While some companies are still thriving on the Nasdaq, many tech firms have swapped to the blue-chip New York Stock Exchange.

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