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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.28

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4:00 PM EST

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To: Crystal ball who wrote (72024)	3/13/2001 4:23:00 AM
From: d_trader_99	Read Replies (2) of 99985

I blamed Greenspan before: NAZ to 1300! However, when I go back to exam NASDAQS history, I find that it may not be fair to blame Greenspan. On 1/1/1990, NAS was only 454.8, on 3/12/2001 It was 1924 which was over 300% higher than 11 years ago. If you believe that the stock market could produce normal return, see 6% annually, the NAS would be 864 rather than 1924 today. At 1924, what the annual return do you have? 14%!! Is it bad? Some people were spoiled these days. Thus, when market goes back normal, they feel very uncomfortable. Used to it. Don't expect to double your money in a week. the GOLDEN TIME may not emerge again. By the way, if NAS would return to normal return, see 10% annually, the index should be about 1300!!!

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