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Technology Stocks : Intel Corporation (INTC)
INTC 43.490.0%10:50 AM EST

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To: GVTucker who wrote (143062)9/7/2001 12:46:06 PM
From: Amy J  Read Replies (2) of 186894
 
Hi GV, RE: "1700, respectively. "

The Least Square method on Nasdaq between the years 1984-1901 generates the value 2431. (We are at 1689.)

One could argue, that data point should be tossed out because that particular period (84 to 01) included an irrational bull market.

However, when you exclude the irrational bull market, the Least Square fit for Nasdaq between 1984-1998 is 1626.

I intentionally selected '84 because I think it preceded two recessions (and Yahoo data didn't go further back than '84.) I wanted to include as much bad as possible to generate something closer to a potential worse-case number. I know you don't believe that past performance has anything to do with any indicator of the future. (I wonder what two sets of dates would generate something worse- Yahoo's data on Nasdaq only goes back as far as 1984.)

Those two dates produced Nasdaq=1626 and today we are at 1689.

I hear folks around me say, "I wish I had more cash to buy at these prices."

Regards,
Amy J
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