Still defending clinton? As I recall, the NASDAQ began its long slide just about the time that clinton brought the antitrust suit against Microsoft. I can't seem to find a long-term NASDAQ chart, but I would have said it's more like three years.
Poor Mr. Gates, Klintoon stomps on his toes and the entire American economy trembles. </sarcasm>
As far as the stock markets go, I put the slide beginning on March 19, 2000, and Microsoft was not the cause. On March 6, Forbes magazine published an article questioning Microstrategy's accounting practices. Microstrategy was one of the darlings of NASDAQ, the dot commiest of the dot coms. On March 19, Microstrategy restated its earnings, admitting the article was right, and its stock collapsed. The collapse sent investors to question other dot com accounting, and the whole dot com house of cards soon came down.
The Democrat Talking Points are blaming Bush for this awful economy. Note how far the NASDAQ had fallen by the time Bush took office on Jan 20, 2001!
This current Market should be labeled the "Clinton Crash". But, as usual, the Dims will shuck the blame so they can get re-elected to "fix" the problems they caused in the first place!