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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Brandon who wrote (11085)	12/20/2000 9:26:30 PM
From: davealex	Read Replies (3) \| Respond to of 18137

Investing? For those who just buy and snooze, don't actively manage their ports, and don't believe in those gol dang new fangled tech stocks, they can look at it this way: (excerpt from briefing.com story about the Tech bubble bursting) [2 year percentage change chart shows S&P 500 and DOW virtually flatlining as Nasdaq zooms way up and then crashes down to where it started] "It's not difficult to identify the true beginning of the bubble back in the fall of 1999. That's when the blue Nasdaq line became detached from reality and from every other market index. By early 2000, the Nasdaq increase relative to the end of 1998 rocketed to 126%, while the comparable increases in the Dow and S&P 500 were 21% and 24%, respectively. Though the indexes can diverge from time-to-time as a result of the different growth prospects in technology versus old economy companies, this divergence is usually a few percentage points. That 100 percentage point gap seen earlier this year was truly staggering. What we must acknowledge now is that the gap has been erased. Tuesday was the first day since the bubble began that one of the other indexes eclipsed the Nasdaq in performance since the end of 1998. This is a powerful point that warrants repetition: if you had invested on Dec 31, 1998, you would have been better off investing in the Dow (+12.4%) than the Nasdaq (+6.4%)." ------------------ Wow, sure SEEMED like longer than two years... Dave