BW2000: “Boom Prosperity Reshaping America”

February 14, 2013 6:55am by Barry Ritholtz

A classic cover indicator, 14 years old today.

I love this BusinessWeek cover, circa February 14th 2000, because it is literally weeks from the ultimate topping in markets in general and technology/dotcoms in particular:

“Time to celebrate. This month, the current economic expansion became the longest in U.S. history. The boom has done more than create millions of new jobholders and stock owners. It has also restored the public’s confidence and given more people than ever a shot at the American Dream. We tell the story”

Um, not so much.

Sources:
How Prosperity Is Reshaping the American Economy
Rich Miller, Laura Cohn, Howard Gleckman, and Paula Dwyer
BUSINESSWEEK: FEBRUARY 14, 2000
http://www.businessweek.com/archives/2000/b3668001.arc.htm#B3668002

The Risk That Boom Will Turn to Bust
Michael J. Mandel
BUSINESSWEEK: FEBRUARY 14, 2000
http://www.businessweek.com/archives/2000/b3668001.arc.htm#B3668019

The Boom
BUSINESSWEEK: FEBRUARY 14, 2000
http://www.businessweek.com/archives/2000/b3668001.arc.htm

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/

twitter

facebook