"Well, I don't see Nasdaq 1000 anytime soon, but I would concur that unless we have a concession by Gore this weekend, or during next week, we're going to penetrate 3000 and likely wind up in the 2450 range before it reverses to the upside for a rally."
Bush would save the country by pulling some fiscal policy puppet strings? I guess if everyone had their tax cut, then we could all buy more CSCO and INTC. It really doesn't matter whether Gore or Bush are in the White House, they will be helpless to push through anything significant with a Congress that is nearly split evenly between Dems and Reps. Also, last time I checked, the Fed was independent to the executive branch. Monetary policy =/= fiscal policy. You don't need to panic, if anything, Greenspan will err on the side of massive liquidity and easy credit. That's been his calling card over the past several years.
Oh yeah, who cares about earnings growth slowing down, tech stocks still being grossly overvalued, and the difficulty of junk bond financing these days? BTW, are you sure the NASDAQ wouldn't wind up at 2500 or 2400, why 2450? Mr. T/A dude, any special signifigance to that level? |
