>> You are not serious about getting the 3k out of its system are you? For how long: two weeks or two days?
Actually I am serious, but with caveats. (If you've ever been in traffic court in michigan, there is a plea called "guilty, with explanation". It usually results in a fine, but no points on the driving record.
Anyway, the explanation is that I think Amazon and other endangered species might well go to zero, and the NASDAQ average will drop to reflect that, but other tech sectors like computers, storage, chips, semis, have already seen their lows. They may revisit, but not drop much lower.
To explain it another way, the nasdaq might drop, but it will not be due to AMAT or KLAC, or SUNW or CSCO or INTC. I don't know how much of the current NASDAQ value of 3000 is due to internet and biotech. That part might still drop. My guess there is not a lot of the froth left to blow away. But I welcome being corrected. |
