What is dot com crash?
In the recent stock market crash, many companies fraudulently inflated their profits and used accounting loopholes to hide debt. Corporate officers enjoyed outrageous stock profit. There were numerous examples of companies making significant operating losses with no hope of turning a profit for years to come; yet made over a billion dollars in stock market! The fault is not all on the companies. Internet enabled online trading -a new, quick, and inexpensive way to trade the markets. This revolution led to millions of new investors and traders entering the markets with little or no experience.
