because of my series of near-tern bullish posts,i want to repeat this post <<To:storm_1785 who wrote (43290)
From: LTK007 Friday, May 18, 2001 7:37 PM
View Replies (2) | Respond to of 43330
think it will be a lot sooner than 6-months Mike,any rally now will be on gas vapors,it will start coughing and sputtering soon into it,and then tank.
And then it will rally again and then tank again,it will take a series of hammer blows to the head before people catch on to the fact the NASD bubble was the biggest bubble in centuries,and in view of the relentless growth downgrades,it is right NOW once again way overvalued.
The top was in the Spring 2000 ,i don't see the bottom until about the spring 2002,in that time i would be surprised if it breaks it's last high of 2875--but it is possible if people get a Nasdaq fever,as Bruce Dickinson says "I Gotta Fever! and it's a Cowbell" max and i now add,there is was TOO MUCH money on the sidelines desperate to get in,wanting more return than Money Markets--see Greenspan keeps lowering interest rates to point where he forces greed to go back to equities---my gut feeling,a lot of people are going to get burned because of Greenspans near-term obsessions---Greenspan the greatest money printer of the ages--hey we need more money,print more.:) |
