Mr. Taylor, I'm not sure whether you're fully cognizant of the context within which Ibexx offered the comments (viz., the good-humored discussion of a respectable-looking analysis suggesting that 500 might be the right level for the Nasdaq). If you were responding to the "NAZ at 500" part of the comment, then you may attributing it to the wrong individual (though now I'm wondering if Ibexx is adopting the position).
Anyway, a retreat all the way to Nasdaq 500, presumably over the course of years - if not as many (10) as it took to get from 500 to 5000 - is certainly possible. I would not call it likely, by any means, or even particularly relevant to the kind of discussion we normally pursue here, but you do not have to be the world's most gifted science fiction writer in order to conjure up the kind of chain of gloomy events that could bring it about, as in...
Message 15152742
Or maybe not even quite that radical. Under such circumstances (panic, massive loss of confidence, something approaching the Depression, hyperinflation, whatever), severe disruption of the financial system, even down to the level of CDs and FDIC, might, indeed, transpire.
What's so silly about it? |
