|Yahoo! closing price (adjusted for splits and dividends) on September 21, 2001|
Armchair stock analysts are making hay over the fact that Yahoo!’s stock price is again hovering around the point where Microsoft made it’s unsolicited bid for the company earlier in the year. Much wringing of hands and gnashing of teeth. But things have been worse. Back in 2001, the double whammy of the Web 1.0 stock bubble bursting along with 9/11 drove them to a closing price of $8.68 ($4.34, adjusted) on September 21 of that year. Relax, people — comparatively speaking these are the good times! It can get so much worse.