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Pastimes : I've Got the 401K Political Blues -- Ignore unavailable to you. Want to Upgrade?


To: swisstrader who wrote (13)11/28/2000 7:00:28 PM
From: JEB  Respond to of 37
 
I'll bite, why?



To: swisstrader who wrote (13)11/28/2000 7:06:35 PM
From: JEB  Read Replies (1) | Respond to of 37
 
With a Bush win, MSFT breathes a sigh of relief and I don't care what anyone believes, MSFT is still King Kong. When MSFT hurts the whole market feels the pain.

Good trading,
JEB



To: swisstrader who wrote (13)11/28/2000 7:12:05 PM
From: Roads End  Read Replies (1) | Respond to of 37
 
Nasdaq has already fallen 47% from its high earlier this year. I'm not sure why one would want to edure further a decline and loss of money before you would decide to go to cash. Look at how the bubble in Japan deflated and still, 10 years later it has not recovered. Could the same thing happen here? Trotting out Greenspan to lower rates or Abby Jo to cheerlead the maarket is not going to help. The simple truth is valuations have to come back into line and it will happen no matter who we have as president. Clowning around on the George Bush thread is all fun and games but this market really doesn't give a rip about the occupant in the oval office. In reality, the past several months have gone a long way toward eliminating the budget surplus both parties were making such grand scams for.



To: swisstrader who wrote (13)11/30/2000 4:44:47 PM
From: JEB  Read Replies (1) | Respond to of 37
 
3:58PM Nasdaq on market cap loss by Tomi Kilgore
As of the Nov. 27 close, the Nasdaq stock market lost $651.7 billion in market capitalization since Nov. 1, according to Nasdaq statistics. Since Nov. 6, the day of the presidential elections, $753.1 billion in wealth was lost. According to Wilshire Associates, the Wilshire 5000 index ($TMW) lost $1.18 trillion in market cap from Nov. 6 to Nov. 27.

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