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Return to sanity: bear market cures dot-com fever

Article Abstract:

Investors are pouring their money back on old economy stocks as the technology-stock bubble burst in Mar 2000. People are back to analyzing which companies are making money. A major trend since Mar 1, 2000, is that profitable companies havving a low price-to-earning ratios have performed much better than money-losing stocks with high price-to-earning ratios. The sudden shift is attributed to the bear market which has left many Internet stocks 50% to 70% off their highs.

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Rate unease knocks techs down again

Article Abstract:

The Nasdaq composite index has recorded a nosedive by falling 84.37 points, or 2.3%, to 3585.01. The decline is attributed to the plummeting prices of technology stocks as investors refused to invest back into the sector in anticipation of higher interest rates. Another factor that contributed to the decline in the Nasdaq composite index is that technology stocks still remain too expensive despite the bear market that has left the index at 29% off high.

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Bear stalks market

Article Abstract:

Wall Street is rattled by the heightened turmoil in the Middle east and the threat to world oil supplies. Crude oil prices have risen by 8.5% to $36.06 per barrel. The Dow Jones industrial averaged plummeted 379 points on Oct 12, 2000, is fifth-biggest point loss ever. Similarly, the Nasdaq composite and Standard and Poor's 500 closed at their lowest levels in 2000. The plunging stock prices are attributable to news of an alleged terrorist strike against a US destroyer in Yemen and increased violence between Palestinians and Israelis.

Market information - general

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