Plenty of cycles have ended in corrections since, and major events like the Korean war, the oil crisis, Vietnam, 1987's Black Monday, the dotcom crash
and Global Financial Crisis have disrupted financial markets.
The Bank of Israel refused to succumb to pressure by the banks to appropriate large sums of public money to aid them in the crisis of the early 2000s resulting from the dotcom crash
. This conservative monetary policy limited the banks' risky behavior.
The Nasdaq Index lost 78 per cent of its value in the dotcom crash
. Many companies recovered and are now amongst the biggest in the world, such as Amazon, Google and Apple.
Consider the fortunes of Kodak, Hoover and even the internet giant AOL, which lost 90% of its value in the dotcom crash
. More recently, witness the steady crush of photosharing Nasdaq darling Snap, caught up in the pincers of Facebook's avaricious subsidiary (and notorious copycat) Instagram.
THE enormous financial outlay which is taking place in football has all the potential for a financial meltdown similar to the dotcom crash
in previous years - transfer fees where PS20m upwards are the norm; players receiving binding contracts paying in excess of PS100k a week for five years.
The new fears over China's economy have wiped PS1.8trillion off global stocks in just four trading days - the worst start to a calendar year since the aftermath of the dotcom crash
back in 2000.
While it may not be as bad as the (http://www.newyorker.com/business/currency/excavating-the-video-game-industrys-past) video game crash of 1983 -- which saw a two year recessionAaAaAeAeAaAeAeA in industry prior to Nintendo's emergence -- one person is likening the deal to those made before the 1999AaAaAeAeAaAeAeA dotcom crash
. "Buckle up bec in my view we will see a crash in the next fourteen months,"AaAaAeAeAaAeAeA (http://www.imd.org/about/facultystaff/wade.
But the offer was cancelled following the dotcom crash
. Bhagat calls it a 'fortunate' moment as his entrepreneurial aspirations bloomed from then on.Bhagat, who hails from a Marwari business family of Kolkata, had started a travel agency in 1996 before joining IIM, but that did not work out.
The study has found evidence of procyclical investment behaviour by insurance companies, for example, insurers were sellers of equities following the dotcom crash
of the early 2000s and to a lesser extent during the recent financial crisis.
"It was very exciting be- fore the dotcom crash
and, right now, we're in a different paradigm shift.
This was a period when outsourcing caught on and the dotcom crash