SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (13137)4/14/2000 9:56:00 AM
From: jkc  Read Replies (1) | Respond to of 35685
 
V, since this is an election year, a crash early in the year makes sense, doesn't it? Having one now could mean that there won't have to be one in the second half of the year to interfere with the elections. Sounds rather Time Capsule-ish.



To: Voltaire who wrote (13137)4/14/2000 10:06:00 AM
From: carranza2  Read Replies (1) | Respond to of 35685
 
I hope you are right, Voltaire.

I'd like to review the numbers. They don't lie. I think some sense and reason will come out of doing so.

The NAZ went up about 100% last year. Last Wednesday, it closed at 3769. Before that it had last closed below that figure was in early January (3727). During the April 4, 2000, sell-off, the intra-day low was 3649.

The NAZ's record close was on March 10, 2000, at 5048. It is down more or less 25% from its record high.

These figures show one thing. In historical terms, NAZ is still way ahead of the game, if you consider January 1, 1999 as the base-point. The spectacular rise from January 1, 2000, to March 10, 2000, simply COULD NOT be sustained after a year like '99.

The writing on the wall was clear as could be. A drunk monkey could have predicted the present correction.

Party's over. Time to clean up. Take two Alka-Seltzers, and hope the hangover is not too severe. It was nice while it lasted

Good luck to all of you today.