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Get Ready for April's Epic Stock Market Correction – Exclusive Dan Niles Insights!

Lead-Lag Live

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The Pros and Cons of Downgrading Tech Stocks in 2000

I started at Lehman Brothers in March of 2000. For those of you who can remember, that was literally the peak of the tech bubble. And so I downgraded both computer hardware and semiconductor coverage. The next thing that happens is the bankers are just incredibly mad at me. So they're calling up the director of research and saying, we got to get this guy fired. We're going to have no banking business.

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