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Matters Financial |
10 March 2003
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NASDAQ Peaked Three Years Ago
Three years ago today, the NASDAQ index closed at its all time high of 5,048.62. Since then, technology investors have lost ridiculously huge amounts of money. Yet few understand what exactly happened and why the index is off 75%, and so are doomed to repeat the mistake of misplaced capital. Click here to read more.
Dollar Slides, Confounding Pre-War Tradition
Currency traders are nervous about war, even more than stock brokers and bond investors. Currencies are the ultimate in liquidity, so they reflect global uncertainty even faster than other investments. As the US and UK march toward war with Iraq, the dollar has lost value against the euro and yen contrary to its customary role as a safe haven in times of trouble. President Bush has broken new ground here, weakening the currency with the advent of war. Click here to read more.
Consumers Give up on Spending, Recession May Follow
The only source of joy in the American economy has been consumer spending. So it was with deep concern that investors and others who care heard that consumer confidence had dropped off the table. Without the demand of consumers, there would have been none at all. With war still inevitable, business seems unwilling to spend, and that could lead to Bush the Lesser lose his re-election bid just like his father did, unless business spending kicks in. Click here for our view.