@techreport{NBERw12011, title = "A Short Note on the Size of the Dot-Com Bubble", author = "J. Bradford DeLong and Konstantin Magin", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "12011", year = "2006", month = "February", URL = "http://www.nber.org/papers/w12011", abstract = {A surprisingly large amount of commentary today marks the beginning of the dot-com bubble of the late 1990s from either the Netscape Communications initial public offering of 1995 or Alan Greenspan's "irrational exuberance" speech of 1996. We believe that this is wrong: we see little sign that the aggregate U.S. stock market was in any way in a significant bubble until 1998 or so.}, }