February 1999 Wall Street Journal article about internet and...Bernard Madoff

in madoff •  8 years ago 

Article's title was "Wall Street Firms Try to Keep Internet Mania from Ending Badly"
I would choose to extract a fragment of the article:
" The same volatility and heavy trading by individuals convinced a market veteran, Bernard L. Madoff, that his trading firm should stop making a market in four wild Web stocks. "You're literally seeing hundreds of thousands of orders in these stocks" , Mr. Madoff says . "That puts a strain on everybody's systems .And on the way down it's always more extreme ." "
Seeing how the Nasdaq peaked in March 2000( at about the same level trading today) and how he was in prison by 2009,wise words indeed.

madoff internet nasdaq
8 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.03
  • Past Payouts $0.03
  • - Author $0.03
  • - Curators $0.00
13 votes
0
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!