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Pastimes : Nasdaq Bottom?

QQQ 629.07

+0.5%

Oct 31 5:00 PM EST

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To: sea_biscuit who wrote (6)	12/23/2000 2:52:54 PM
From: Mr. Aloha	Read Replies (2) of 73

I agree with most of your assessment, though I think the final bottom will probably be closer to 1700-1800. I do think we will get that 1000 point rise in this bear market rally... Once we bottom out, I may just buy and hold for a while in retirement. I'd love to not even have to think about trading and get 12-15% a year (though over 20% on my portfolio today alone was nice). I wouldn't call that tortuous, though many spoiled buy & holders from the last few years who came to expect at least double that will just be trying to recoup losses. Some of these people were laughing at me when I said last March that I'd rather have my money in a money market fund making 6% at that time than in tech stocks. If you don't lose a ton on the way down, 12-15% a year is really a nice annual return...

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