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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-1.3%Jan 2 9:30 AM EST

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To: John Malloy who wrote (43385)11/12/2000 11:09:26 PM
From: chic_hearne   of 77400
 
A drop of 5.5 standard deviations is a giant drop statistically. My personal opinion is that a return to the correlation is more likely than a 5.5-standard deviation drop.

John,

I recently read somewhere a bullish case long term for the Naz at 2100 based off of long term TA. Frankly, this bubble got so inflated so fast that many of these measures such as standard deviations aren't very useful anymore. Since no other market has gone over 4 standard deviations, who really knows the fallout of the Naz going to 5.5 standard deviations?

chic
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