Yep, AD, it will take a while to straighten this mess out, IMO. Companies are getting Nasdaq delisting notices left and right, companies are filing for bankruptcy, companies are laying off daily, profits are getting squeezed, insiders are dumping, stocks lack buy-backs. These are not good signs IMO.
The good signs are, liquidity, liquidity, liquidity, and belief that things will get better.
While the markets have rebounded since April, many stocks have also just about been cut in half since that time, so this market is not what it appears, IMO. Some investors are still losing money. This market is nasty, and will take a while to shake out, IMO.
The Nasdaq lacks a new technology. In the past, we had new technology drive things higher, like the personal computer craze, the ISP craze, the online trading account craze, the dot.com craze, what's going to drive demand this time for semis and new computers?? I can see broadband and interactive TV doing it with voice and video data over the net, but it might take years for that to happen, IMO. Chambers mentioned wanting to be on top of broadband when it happens, Gates mentioned broadband in an article the other day: dailynews.yahoo.com |
