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Politics : Ask Michael Burke
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To: re3 who wrote (59273)5/13/1999 8:23:00 PM
From: Knighty Tin  Read Replies (2) of 132070
 
Howard, Why go long QQQ and not the Dow: Basically, the Dow has risen much more recently than the QQQ. The stocks in the Dow have no chance of being worth what folks are paying for them. They have no growth under any scenario at this point in the economic cycle. The stocks in the QQQ do have some chance for growth.

So, here are my two scenarios: 1. Alan and the scamsters are able to fake the growth numbers in the economy and the crooks are able to fake them in eps. If so, there is much more to be faked in the QQQ cos. and they will go up faster than Dow cos.

2. Reality sets in, in which case the Dow goes to 4600 and I don't care what the QQQ does. The phoniness of the recovery is much harder to fake at Alcoa and Intl. Paper than at Qualcomm.
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