Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (64221)	2/2/2001 12:30:43 PM
From: scotty	Respond to of 436258

Barry! Barry! Barry!.....I owe ya man.......#reply-15274251

To: sandeep who wrote (64221)	2/2/2001 1:04:27 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

i doubt that...the NDX is by far the weakest index since its Jan 24 high. the usual progression is that the weakest index STAYS the weakest index in a downturn. it is also the area with the weakest fundamentals, the biggest overvaluation, and the biggest bullish bets made on it. so it remains the most vulnerable sector at this stage. i'm not certain whether it'll try for a higher low, an outright re-test or a lower low, but my gut feel would be a higher low...we may get a decent rally from there once Al cuts again. however, i doubt that he will be able to deflect the long term bear in this index...ultimately i see another huge down leg coming, similar to the Nikkei's third down leg in late '91 to mid '92. of course the bubble in its entirety (asset and credit markets combined) is extremely fragile at this stage. at some point it will be subject to a panic, especially once it becomes clear that the current economic downturn is NOT of the run-of-the-mill variety, but something far more serious and lengthy. it probably depends on the speed with which defaults continue to mount...