It’s looking a lot like the dot-com crash again. Is the economy headed for an early 2000s-style recession?
The dot-com crash haunts the memories of many of the more seasoned investors on Wall Street, and this year’s stock market rout is conjuring up some serious déjà vu.
The S&P 500 is down 19% since the start of the year, and the tech-heavy Nasdaq has fared even worse, plummeting over 28%.
But we could be just halfway through the stock market decline based on historical trends. Between March 2000 and October 2002, the Nasdaq-100 sank 78% as once-loved, but largely unprofitable, tech firms fell…