877 Irrational exuberance

That's how Mark Cuban recalled the heady era that made him a dot com millionaire on an NBC show I watched this morning. This week is the fifth anniversary of the beginning of one of the biggest stock market crashes in history. The dot com bubble was really over when the NASDAQ hit 5,000 five years ago. From March 11th, 2000 to October 9th, 2002 it then dropped 78%.

And George W. Bush was still campaigning. I wonder how the guy who invented the internet would have turned it around in such a short time.