The year 2000 as a threshold of the overall crisis of capitalism?

It has been really a turbulent year for stocks and shares. According to BBC analysis, the year 2000 is set to be the worst in a decade for many stockmarket investors, with all the world's leading share indexes ending the year with hefty losses. The past 12 months are likely to go down as one of the markets' most volatile times on record, and the biggest losers of the year are technology shares. The mother of all tech markets, the Nasdaq, registered a 39.28% drop of its composite index this year. The index closed 3.41% lower on Friday to 2,471.30. Its more staid rival, the Dow Jones index, closed 0.75 lower on the day to 10,786.85 and about 6.2% lower on the year. In London, the FTSE 100 share index closed at 6,222.5 points - a loss of 10.2% over the past 12 months. It is the first time since 1994 for the index to end the year with a loss, and only the third time since it was first compiled in 1984. Germany's Dax index dropped 7.5% over the year. Another poor performer was Tokyo's Nikkei index, which closed with a 27.2% loss on the year - and a massive 34% drop from the highs reached in March. The last time that the Tokyo stock exchange recorded an annual loss was 1990, the year Japan's economic bubble burst and property prices collapsed. France's Cac-40 index was a rare exception - still losing on the year, but just half a percent. But there are a few surprise winners. The best performer was the Chinese stockmarket, gaining a whopping 136% - albeit from a very low base. The number two, with an 11% gain, was the Irish Stock Exchange in Dublin, followed by the number three, the Swiss stock market.

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