Thing is, it WAS different, there are many novel structures, modes, and fundamentals in contemporary economic intercourse, the internet has changed everything, valuation metrics have changed, p/e ratios are almost always irrelevant (where not inverted) for high growth development phase companies during overheating bull markets, buffet is no free lunch, dow theory is outdated, forever is a long time, money anywhere but in equities (except for that nifty computer you bought) was wasted, and we are not Japan, and most Japanese prefer it that way, too, I believe.
That doesn't mean the last few months were a mistake, or unpredictable, or just a nightmare we'll all wake up from, or that the more things change the more they don't stay the same, and that the internet really has changed anything, or that p/e ratios aren't important especially in Schwab commercials, or that buffet isn't really, really rich for a reason or two, or that dow theory doesn't have its uses, or that forever isn't often, too often, over before you know it, just ask Brad and Gwyneth, or that cash isn't a beautiful thing.
topping the Green-day-span, or not, does look key for the s-t. But, if it's a matter of taste, I like the zig-zag look, especially that zing off the gap down thing, and triangles are inevitable - put four together you get one of nature's most durable and magnificent structures. We're in a tetrahedron market. If only Bucky Fuller were alive to see it. What really soured you, Bobby? You know something about Brad and Jennifer that the rest of us don't?
I do think that Nasdaq 500 would have to pre-suppose extreme political and economic dysfunction or some out-of-the-envelope disaster. Which could happen. Somewhere someone has a a really neat computer program which shows just exactly what percentage of your assets you should have in gold, and what percentage you should have in a basket of $1 stocks that used to be $200 to $300 stocks, and what percentage you should spend every week on vodka. |
