Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who wrote (65824)	5/11/2002 8:01:46 AM
From: ChrisJP	Read Replies (5) of 99280

Welllll the more I see stories like this one -- the more I know we're closer to the end, lol. Message 17438820 The big question is -- will the end happen with a bang or a whimper ? Everyone's looking for capitulation -- the climactic sell off. I really have my doubts. If it doesn't happen this month, I don't think it'll happen. Has anyone here looked at the dollar volume of NASDAQ trading ? Dollar Volume = number of shares times price of shares. Back in early 2000, the NASDAQ was trading over 2B shares per day and I'll guess the average share price was about $60. Now the daily trading volume is 1.5B shares and I'll guess the average share price $12, if that. If these numbers are accurate, dollar volume is down 85% from its early 2000 levels. That means about one eighth of the money in the market back in 2000 every day is in the market today. Although I think tech stocks are still slightly overvalued, I'd say that the majority of the exit from the market place has already occurred. Maybe Monday will prove me wrong, lol. Regards, Chris

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