Previous : So Was It A Tech Crash?
Okay, so we know that it isn't just a dot COM crash, but maybe it could just be another oft used term: A "Tech crash" (despite lots of established techs ending the 15 months pretty much where they started). Maybe it's just technology in general that was oversold and hasn't lived up to its potential. Maybe the market is saturated with computers and we will soon have a computer to end all computers with software to end all software, rendering all those "tech" companies obsolete. So perhaps we should stop calling it a .COM Crash and start calling it a Tech Crash? Now hold on just one second...
~57.9% drop from January 3rd, 2000 to February 20th, 2001
~49.2% drop from January 3rd, 2000 to February 20th, 2001
Whoa, that almost looks like the .COM or tech crash that we've been hearing about lately! As an example here's CNet (Nasdaq: CNET) for your comparison pleasure. Scroll up and scroll down and compare. While the percentage drop below the genetics seems to indicate that they weren't pummeled as hard, it's important to notice that the "genetics fad" took off in late February/early March, a little later than the .COM fad.
~77% drop from January 3rd, 2000 to February 20th, 2001
Next: Okay, so it was a Genetics/Software/.COM Crash?