tag:blogger.com,1999:blog-1932655.post-27192312001-03-10T10:28:00.000-08:002001-03-10T10:40:11.510-08:00IT HAPPENED A YEAR AGO TODAY!<br /><br />March 10, 2000<br /><br />NEW ECONOMY NASDAQ<br />BLOWS PAST 5,000<br />ON BORROWED MONEY!<br /><br />The Washington Post reported that the NASDAQ composite index closed at a new high, 5,048.62, sweeping past another milestone in a blur of buying, often by individual investors pouring borrowed money into technology stocks. On March 10, 2001, a year later, The New York Times reported that the NASDAQ plummeted 115.95 points, to close at 2,052.78--down nearly 60% from its March 2000 high. Once sought after stocks took heavy hits during the yearlong decline--e-Toys.com -99%; Priceline.com -99%; Yahoo -91%; RealNetworks -90%; Amazon.com -83%. Seeing high-flying stocks, bought with borrowed money, nearly disappear, can inspire a sense of sheer fear. Or, at the least, embarrassment. <br />Carlhttp://www.blogger.com/profile/15871674271027612063noreply@blogger.com