SIMON BROWN: I’m chatting now with Schalk Louw from PSG Wealth Old Oak. Schalk, I appreciate the early morning time. A note that you put out that I’ve got to say [sent] a bit of shivers down my spine, because I’m old enough to remember that dotcom crash of 2000. Fortunately, owing to exchange controls, I didn’t have anything offshore invested in it.
When you look at that six-month period after the Nasdaq made its highs, at let’s call it the beginning of 2000, March 2000 to be exact, that six-month period after it made its highs, the Nasdaq traded 39% lower from its highs. Now very similar to that time – you said you remember that time – we didn’t have Twitter and Facebook and those kind of things. We had the good old newspapers.
SIMON BROWN: It is struggling. I take the point. There is a lot of similarity, and these stocks are not yet cheap. We can almost divide [them] into two parts. If you pull out some numbers, your Netflix, Shopify down 70%, 74%. And Apple, Microsoft are both down a quarter; Facebook off half, 50% down. But what we have got here is companies – I look at the likes of the Facebooks and Apples and Microsoft – that at least are making a profit.
Source: Loan Digest (loandigest.net)
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lufthansa cancels 2,000 additional flightsLufthansa is cancelling an additional 2,000 flights from Frankfurt and Munich this summer, the German flagship carrier said on Wednesday, citing staffing shortages at airports as well as industrial action and the ongoing Covid-19 pandemic.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Lufthansa scraps 2,000 more flights as travel disruptions spreadDeutsche Lufthansa AG plans to cut an additional 2,000 flights until the end of August, bringing the airline’s total number of cancellations to almost 6,000 as Europe’s travel disruptions continue to worsen.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: allafrica - 🏆 1. / 99 Read more »
The write stuff: St John’s pupil scoops top honours in prestigious English OlympiadMatric pupil Khelan Desai, 17, finished top out of 3,674 pupils in the national contest I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo. Where are the black students....we need to transform people ..we tired of seeing samoosas and boerewors all the time....fact
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Source: Channel24 - 🏆 48. / 51 Read more »