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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: geode00 who wrote (16702)9/5/2002 3:52:13 PM
From: Tim Bagwell  Read Replies (1) of 42834
 
Another perspective on the QQQ trade. From the 22 level of the Q's today and at the historical average growth rate of 11% for the S&P500 it would take Bob's trader friends 14 years to break even.

Now figure that the opportunity cost of not having this money to invest is 6% per year (average rate on a 30year T-bond) and the break even time jumps to 36 years!

That is the magnitude of the unmitigated disaster he has initiated and still maintains today. With no hint as to an explanation one way or the other. The silence is deafening.
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