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Quote of the Day
“It’s no secret that most Internet companies continue to be money-burners. Of the companies in the Pegasus survey, 74% had negative cash flows. For many, there seems to be little realistic hope of profits in the near term.”
-Barron’s Magazine, in their issue published March 20th, 2000, warning investors about the elevated prices and poor financial condition of many tech stocks. (link below)
March 20th – This Day in Stock Market History
March 20th, 2000 – Barron publishes its latest edition with the cover story of “Burning Up”, warning investors to be cautious at the tech bubble peak.

Barron’s gets a lot of slack for being a contrarian indicator, but this is one example where they nailed it. The Nasdaq peaked March 10th at 5,048
Those who subscribe to Barron’s can find the article here – Barron’s “Burning Up”
For those without access to Barron’s, you can simply google: Barron’s “Burning up” cover story, and clicking through google will get you behind the paywall.
Best March 20th in Dow Jones Industrial Average History
2008 – Up 2.16%, 261.66 points.
Worst March 20th in Dow Jones Industrial Average History
2001 – Down 2.39%, 238.35 points.
Read of the Day
The Barron’s article looked at the tech company’s cash flow statements for the analysis of much of their article. Being able to understand these basic financial filings is the first step in investing in individual stocks.
We have a ton of resources on BeginToInvest to help new investors do just this, you can visit our Definitions page, visit our guide on reading a cash flow statement, or check out some of our videos on Youtube, like this one for Free Cash Flow:
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