February 1999 Wall Street Journal article about internet and...Bernard Madoff

in #madoff8 years ago

Article's title was "Wall Street Firms Try to Keep Internet Mania from Ending Badly"
I would choose to extract a fragment of the article:
" The same volatility and heavy trading by individuals convinced a market veteran, Bernard L. Madoff, that his trading firm should stop making a market in four wild Web stocks. "You're literally seeing hundreds of thousands of orders in these stocks" , Mr. Madoff says . "That puts a strain on everybody's systems .And on the way down it's always more extreme ." "
Seeing how the Nasdaq peaked in March 2000( at about the same level trading today) and how he was in prison by 2009,wise words indeed.

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