A Short Note on the Size of the Dot-Com Bubble

James Bradford DeLong () and Konstantin Magin

No 12011, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: A surprisingly large amount of commentary today marks the beginning of the dot-com bubble of the late 1990s from either the Netscape Communications initial public offering of 1995 or Alan Greenspan's "irrational exuberance" speech of 1996. We believe that this is wrong: we see little sign that the aggregate U.S. stock market was in any way in a significant bubble until 1998 or so.

JEL-codes: G1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin
Date: 2006-02
Note: AP ME
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