Map of Traralgon for These offerings raised $316.5 billion. On March 10, 2000, NASDAQ closed at 5,048, its 16th record high of the year, after a total gain of 86 percent in 1999. Unfortunately, the tremendous amount of money being pumped into NASDAQ had a dark side as well. The almost daily euphoria of IPOs made NASDAQ a haven for get-rich-quick schemes and investors looking to cash in on the mania. Day-traders entered the market en masse, jumping in and out of stocks at an alarming pace, and attempting to profit on fluctuations in the market. They specialized in cashing out”or having a zero balance”at the end of each trading day. Map of Traralgon 2016.
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