Right in the middle. Good guess, hb.
"now we can start betting on whether we'll be 100 or 200 points up by the close...-s-"
Nas 6K by April 30, 2000 looks doable. That would only maintain the current pace so far this year. Ralphie sez, "The trend is my friend", yet he thinks it will take another 12-18 months [to reach 6K]. Methinks he was trying his best to be conservative. But he couldn't help but speculate on the prospect of the Nas passing the DJIA, point-wise.
hb, since you're in Austria, you may not have heard of this: In my locality, there is some brokerage house that occasionally places adverts on the radio. They favor the exotic stuff. For example, about a year ago, they were doing spots where they reco'd gasoline futures strips. They gave their reasoning in a 30 second blurb, together with the boilerplate "trading futures contracts is risky, and people can and do lose money". It's ironic IMO though, that following their advice on that radio ad would have made one a ton of money, provided you gave the expiry date enough room. Anyway, recently this same firm is advertising (on radio) a recommendation to "buy calls on the Nasdaq 100 via the E-Mini".
It just seems like it's a sign of something when a firm is pushing very risky derivative stuff to the general public. Gasoline was at extreme lows when they reco'd that, but the NDX is just recently doubled in a few months. |
