5000 this year on Nasdaq is even more laughable.
Keep in mind the Fed's added more liquidity due to Y2K last year end,the Internets and Biotech's were on fire which of course added fuel to the Tech's.
Ok now no more Y2K Fed liquidity, the Inuts are dead, do you really think, YHOO and AMZN and the rest of the WORTHLESS INUTS will ever see there high's again? think again, LOL.
So what's going to take the Nasdaq up to 5000 again without the help of the Inuts, Biotech's etc, CSCO, SUNW, INTC, MSFT, DELL, WCOM by themselves won't do it.
Will be interesting to see how it play's out.
Those thinking were going get a run like last year from Oct to Dec are going to be in for a rude awakening IMO.
I have 1 Tech Fund left in this Market from Salamon Smith Barney, my broker of 27 years a Bull doesn't even believe will see Nasdaq 5000 for a long time again mainly due to the Internets. |
