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Before the 2000 dot-com crash, the S&P 500 jumped 12%, returning to previous highs…

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Before the 2000 dot-com crash, the S&P 500 jumped 12%, returning to previous highs. Investors who bet heavily on the internet’s future were right in the long term, but lost 50% of their capital over the next two years. Three separate 20% bear-market rallies kept bulls in the market until they went bankrupt. The bottom came in 2002, after all participants had been wiped out, and it took about 14 years to return to breakeven. ✅@futures

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