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Pastimes : Trading the markets.....
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To: GROUND ZERO™ who wrote (3929)3/6/2001 10:24:44 AM
From: Real Man  Read Replies (1) of 4583
 
The willingness of people to buy these markets is truly exceptional.... Down 50%:
When was the last time you've seen a major index at a 50% discount? Down 60%:
Now this is the bottom... I think the true bottom comes when people stop calling for it, and it will NOT be before CMB with it's 22.5T in derivatives goes bust, and some other big banks as well. I expect NASDAQ to bottom out eventually in the 250-300 range (Yes, no extra zero). Or we will have a hyperinflation to paper over the excesses that we had for a while....
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