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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: BirdDog who wrote (35512)	4/8/2001 11:36:24 PM
From: patron_anejo_por_favor	Respond to of 65232

Bird Dog...constructive points, amigo (sorry if my initial tone was harsh, I misinterpreted your first post). I agree that the Nasdaq is a different animal than in 1980 (or even in 1995). I agree that an isolated one day spike (in price) is generally meaningless, and not a good predictor of future price action (which was one of Allan's points). I think the gist of the "Lassie" part is that the increased frequency of huge daily PERCENTAGE PRICE changes is the thing that's new, and although there were small blips in '87, '91, '94 and '98 bear markets, its way, way, way off the scale now. Thus the comment by me that maybe staying in cash (T-bills) for a while makes sense, that maybe the increased volatility makes it harder to trade (or for that matter, to even hold) stocks long OR short. I think that's what the Lassie-to-English dictionary says <G> Anyhow, nice having the discussion. Have a great week. Regards Patron