Zim:
Especially if you were in tech stocks, which was the only place to be at that time. The market kept going down in 2001, 2002, and 2003. I lost money also, but not nearly as much as I gained in the late 1990s.
We were intimately involved in Y2K operations nationally and internationally, and realized that even though Y2K fizzled, the liquidity provided to address the potential crisis would be withdrawn starting in Q2 2000 with severe consequences to a surging stock market. I therefore pulled in my horns. I remember leaving a client company in May 2000, and asking a few of my friends there if they were prepared for Nasdaq 3000. They kind of laughed at my dire prediction. The Nasdaq was going to go up forever.
| 