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You're right, market values dramatically declined.. but you have to include other variables such as 9/11. The market was its worst in 2002 and one would have to
by n_coats 15y ago
You're right, market values dramatically declined.. but you have to include other variables such as 9/11. The market was its worst in 2002 and one would have to think that without the repercussions on the market from 9/11, things wouldn't have been nearly as bad. The market went on to rebound and soar very high for the next 5 or so years and then our current situation began.
Case and point, the dot.com era experienced a decline in product life cycle growth as it transitioned from its growth to maturity stage (and of course, the events that took place on September 11th didn't help either).