A SLOW BUT steady march out of recession in the early 1990s set the stage for what would become one of the greatest explosions in growth of the capital markets. It was an unprecedented combination of excess venture capital, coupled with the new and seemingly limitless potential of developing computer technologies, particularly the internet, which created the now infamous "dot-corn" boom that culminated in early 2000. From 1995 to the beginning of 2000, the DowJones Industrial Average' ("DJIA") went from a value under 4000 to nearly 12,000,2 representing an almost 300 percent increase.
Mcmanamon, Douglas Michael
"Should Attorneys Be Footsoldiers in the War on Corporate Fraud?,"
University of San Francisco Law Review: Vol. 38
, Article 9.
Available at: http://repository.usfca.edu/usflawreview/vol38/iss1/9