Between March 2000 and October 2002, the NASDAQ shed nearly four-fifths of its value — and the internet’s first age of innocence ended.
On March 10, 2000, the NASDAQ Composite touched 5,048.62 in intraday trading — the highest point the index had ever seen, and the summit of a delirium that had convinced the world the future could be bought on credit and never have to pay.
