Bingo, we call it the October 1990 lows, Bill Clinton was not even elected yet. The market dropped after in the invasion of Kuwait in August, and the market started to drop slowly.
I said, What a great time to start a career as a trader.
But it bottomed out in October and started to slowly rebound before the election. Clinton was elected in 1992 and took over in 1993. The Mark Cubans, Andy Groves, Jeff Bezos, Larry Elisons ran the world back then, NOT Bill Clinton.
Until people had to figure out valuations, and Bill Clinton could not figure out how to stop the bubble from bursting in 2000, because GHWB was prez. Jerry Yang and Yahoo had to buy Cuban's shell for $5.7 Billion
we lost Pan American Airlines, Orion Pics, among others back then.Thanks Bill Clinton, still don't call the Pan AM Building the Metlife Building
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