1900, but with an over shoot plunge on Monday, 1800. I have no feel for naz after we pass 1900. I hear 1500 mention, someone just mentioned 1000, I said back, "Why not 500, geez." 1500 seems ridiculous, but so does a drop from 5000 to 2000 in one years time.
I'm hearing more and more people mention what I was saying last year, that we have no catalyst to drive them higher such as sea change like the PC that ran right into the so called Internet age and new economy. I was thinking broadband or price level would do it at the time. But, broadband is happening way to slow, and price, well that's more then obvious. When I mentioned price level, I didn't have a handle on the secular changes that are most evident now. Even though I said the above months ago, I'm still in denial about it being the techie that I am. I find it hard to believe this is it and it will take years of waiting for something new to rejuvenate the Naz. That said, until something comes along that changes the current perception of the market be it light at the end of the tunnel or a price level that is just too low, we will have more of the same.
Greg |
