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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: Razorbak who wrote (1441)3/12/2001 4:22:58 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 23153
 
>> IMO, this market is just as inefficient on the downside as it is has been on the upside, especially in the smaller caps. <<

I disagree. If it were truely inefficient then more people would be far more worried about Nasdaq 1000. It could happen. Fair value for the Nasdaq is probably 1500 or less. 1000 would not be a stretch.

Don't think Greenspan and the PPT would let that happen though (at least not ST).



To: Razorbak who wrote (1441)3/12/2001 6:35:26 PM
From: William JH  Read Replies (2) | Respond to of 23153
 
Razorbak, I was attempting a bit of sarcasm when I mentioned the efficiency of the markets. Really, I've never understood how anyone could believe that hypothesis.