Playing the QQQQ with Terry and friends. Message Board

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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: da_cheif™ who wrote (4677)	5/7/2009 7:44:24 PM
From: Walkingshadow	of 4814

<<come to far to fast???.....not really...it just seems that way>> Calculates that way too, my friend. QQQQ closed at $25.74 on March 9. As of yesterday's close, QQQQ had rallied 36% in just two months. That rate of rise calculates to a 216% annual return. At that rate, we will be back up to the highs achieved prior to the March 2000 bubble implosion in a little over a year. There's zero chance of that for sure. We won't see those levels equaled in real-dollar terms for another 15 to 20 years. That's how all bubbles work......once the implosion starts, you can bet the farm that whatever market you are looking at will lose 78% to 85% of its value in a few years, and will not equal the previous highs for at least a quarter century (more typically, 30 years or even more). WS

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