More Stock Market History

American technology companies, whose stock prices had been soaring in recent years, were suddenly having trouble making a profit. Hundreds of new companies saw their stock prices go up to dizzy heights and then come crashing down as investors realized that many of these startups (most who had never turned a profit) probably wouldn't survive.

Here's another little story.

Once upon a time there were hundreds of high-tech companies introducing new technologies in computers, software, and information services. Companies with big prospects saw the price of their shares run up thousands of percent in just a couple of years. Some stocks would double in only a week, a few were up 5,000%. Investors just couldn't see that the bubble had to burst. But it did, of course, beginning a bear market that wiped out thousands of new millionaires.

Does it sound like I'm repeating myself? Keep reading.

Prices for some companies dropped 80-90% and many companies disappeared within a year or two.

"Why are you telling me this?" you ask. Well, the year was 1969.

Here are some of the losers:

Just a few of the hundreds of companies that crashed and burned. Sounds a lot like the 2000-2002 NASDAQ crash. There's a lesson to be learned here.
Other History of Wall Street and Stock Market Topics:

1. History of Wall Street and Stock Markets
   
2. More Wall Street History
   
3. 1929 Stock Market Crash
   
4. More Stock Market History
   

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