The man who predicted the Dot-Com bust three years earlier, Barton Biggs, has died. At the time, he worked for Morgan Stanely and was their chief global strategist. He his prediction, he said the stocks of many of the tech companies were too expensive and would fail.
The market however, did not head his warnings and stocks for silicon valley tech companies continue their climb up until eventually failing in a dramatic failure that wiped many investors out.
Biggs died after a short illness according to a Morgan Stanely statement.