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Politics : Foreign Affairs Discussion Group
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To: mistermj who wrote (212252)1/9/2007 10:41:37 PM
From: Noel de Leon  Read Replies (1) of 281500
 
"What happened next is history... by some measures the bear market that started in 2000 was the worst bear market since 1929." From your source:

"As you can see, the rise in the Nasdaq in the three years before the top was far steeper than the rise in the Dow. What this means for the future is unclear. But there were clearly some huge excesses in the Nasdaq in the years leading up to the March, 2000 top.

If the current bear lasted as long as the 1929 bear market, the market would bottom in January, 2003. A couple of years ago when we published that, it seemed pretty scary. However, we are now in uncharted territory."

The QQQQ went from 20 in September 2002(bottom) to 28 in January 2003. It is at 44 as of today.

On the other hand the DOW has been flat since June 1999(11700) as compared to the QQQQ and IXIC. The DOW had dropped 30% by March 2003(7700) but is higher now(12400) than in June 1999. The Nasdaq is still way under its high of 5000 in 2000.

So Bush II kind of saved the DOW in 2000 and Clinton's NASDAQ house of cards fell in 2000. Well thought out.

The house of cards was built by greedy investors with some help by Greenspan(first appointed by Reagan).

Have you forgotten who was friends with Enron's leadership? Surprise, it was Bush II.
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