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Pastimes : The New Qualcomm - write what you like thread.
QCOM 170.90-1.3%Nov 7 3:59 PM EST

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To: Maurice Winn who wrote (4244)3/4/2002 3:40:10 AM
From: Maurice Winn  Read Replies (1) of 12231
 
<font color=red>20.02 20.02.2002 Triple Witching

THE CUSP

Well, well, well, look at the Nikkei go! +5.90% in one day. That's quite a rise, up to 11,450. Hang Seng +1.75% to 10,607. Dow at 10,368.

It seems that we have indeed swooped through the cusp and beyond the event horizon after all. Japan has once again done Ju Jitsu on those who were betting against it.

Or was that money fleeing the USA, being repatriated to Japan and buying the Nikkei?

So,
Dow 16,000
Feb 2002
might be where the long run, smoothed Dow graph goes through after all.

I bet Uncle Al does an early interest rate rise by the end of March, by 1/2 percent, just to stop any irrational exuberance before it gets out of control. Which of course will just encourage irrational exuberance because everyone will take it as confirmation that things are hunky dory after all.

Mqurice
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