I heard on Bloomberg Television this morning that they didn't have any recollection of a good reason for the stock market bubble of 1995-2000 to pop. I was stunned that a portfolio manager of such standing had the guts to say that he didn't understand why the market topped in 2000.
This is how history gets re-written by people who didn't pay attention and didn't learn from the past, so how can we trust anything that we read, see, hear today? People don't remember. Why don't people remember? I think that is the fodder for someone to write a book, which isn't the point of this publication today.
What I think "market history" means to us is that there is a fair and unbiased reporting of history and what TradingView does by keeping people's published charts online and not deleting bad forecasts is very refreshing. When TradingView started, I knew immediately that this model was the way to go. It was easy for people to "delete a Tweet" about their "buy recommendation" that didn't pan out. It was easy for people to "lie by omission" by removing the bad forecasts and keeping the ones that worked.
I can add a couple of other points about the Y2K top: One of them was the SEC chairman Arthur Levitt starting the idea of a rule in December 1999 for "Fair Disclosure". This eliminated anyone getting any special information ahead of the crowd and assured a 'level playing field.'
There was another Government Regulation to limit the speed of dial up internet access to 53K from the stated 56K speed. This was in 2000.
The chart published is the close of March 31, 2000 when the Gov't announced their ANTI-TRUST CASE AGAINST MICROSOFT with the stock at $53.13. On Monday,
MSFT opened at $47.22 closed at $45.44, -7.69 that day and proceeded to drop to $20.13 over the ensuing bear market. $53.13 to $20.13 is a massive $33 point drop.
This is how history gets re-written by people who didn't pay attention and didn't learn from the past, so how can we trust anything that we read, see, hear today? People don't remember. Why don't people remember? I think that is the fodder for someone to write a book, which isn't the point of this publication today.
What I think "market history" means to us is that there is a fair and unbiased reporting of history and what TradingView does by keeping people's published charts online and not deleting bad forecasts is very refreshing. When TradingView started, I knew immediately that this model was the way to go. It was easy for people to "delete a Tweet" about their "buy recommendation" that didn't pan out. It was easy for people to "lie by omission" by removing the bad forecasts and keeping the ones that worked.
I can add a couple of other points about the Y2K top: One of them was the SEC chairman Arthur Levitt starting the idea of a rule in December 1999 for "Fair Disclosure". This eliminated anyone getting any special information ahead of the crowd and assured a 'level playing field.'
There was another Government Regulation to limit the speed of dial up internet access to 53K from the stated 56K speed. This was in 2000.
The chart published is the close of March 31, 2000 when the Gov't announced their ANTI-TRUST CASE AGAINST MICROSOFT with the stock at $53.13. On Monday,
MSFT opened at $47.22 closed at $45.44, -7.69 that day and proceeded to drop to $20.13 over the ensuing bear market. $53.13 to $20.13 is a massive $33 point drop.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.