American dreams

The year 2000 started off poorly for the US equity markets as investors were ambushed by a fairly substantial stock market decline in February, but a sharp rally in March brought the indices back up to new highs. Ultimately, weaker earnings pre-announcements, higher energy prices and Presidential election jitters led to further stock sell-offs and going into the end of the year, the major US equity indexes were decidedly down. Semiconductors, semiconductor equipment, telecoms, computer hardware and software, internet business-to-business and business-to-consumer, fibre-optics, and any com...