Dan,
I'm pretty sure we'll be close to a bottom in the market when people aren't falling over themselves trying to invest in Tech companies that have no earnings. Instead, people will run from the market, predicting the worst for the future, and finding no reason to put more capital at risk. We saw this very briefly after Sept. 11 but, IMO, we haven't seen anything yet.
When people continue to massage the data, make all types of assumptions about future this and that (e.g., earnings, improved economy, growth rates, etc.) and invest their money in bubble stocks on every dip.... we're not there yet.
I'm surprised that 58 of the NASDAQ 100 have made profits during the past 12 months (although I'll take the other poster's word at it). What is even more surprising is that the poster thinks that is a good thing. I suppose it's a matter of perspective but when 42% of these companies have lost money during the past 12 months, I don't see any reason to celebrate especially in light of the fact that these are the "top" 100 nasdaq companies.
best...
LIG |
