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Gerald Celente

Dot-com Bust

Oct 1999

Celente predicts many internet companies will fail and will cause Wall Street to decline.

By the mid-2000 the fall-out from the failing doc-coms will have worked its way through WallStreet forcing both a correction in the market and a return to sound investment principles. Internet companies that produce real time profitability and performance, rather than promises of long-term potential, will win both a secure place on the net and investor dollars.