(1) Important pattern #1: The 2000 crash was like dominos falling down from sector to sector within tech. Each sector in turn got whacked by the collapse of the one behind it until they were all wrecked, at least temporarily. None were spared.
(2) Important pattern #2: If you look at the NASDAQ chart from 2000 to 2003, you'll see there were ~5 "false dawns" where it looked like recovery was happening, until another stage of the collapse hit.
Thanks for sharing, very interesting. Another mistake people make is to try to completely fit the current crashes to patterns found in 2000. Some patterns will be the same and some will be completely new. This adds a layer of complexity that makes predictions impossible.
I believe the context is very different right now. Although, crazy valuation and frenzy with web3 / crypto is very similar to the .com bubble burst 🤔
