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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: DlphcOracl who wrote (21776)5/9/2001 4:44:51 PM
From: besttrader  Respond to of 37746
 
Good plan for 3 to 5 years. :)



To: DlphcOracl who wrote (21776)5/9/2001 4:54:40 PM
From: Ron Dior  Read Replies (1) | Respond to of 37746
 
Question to the thread. If the Naz. does go to new lows this summer what will this move accomplish? Will this finally mark a bottom? Also, if this were to happen what would stop irrational exuberance from happening instantaneously putting us right back in the same boat (high P/E's and huge market caps). What could possibly change on the economic front by summer time? Can even a strong economy justify these huge valuations?

Ron Dior



To: DlphcOracl who wrote (21776)5/9/2001 4:55:20 PM
From: heronwater  Respond to of 37746
 
There is no way NASDAQ will not be over 2000 (more like 3000) in 3-5 years, and with the QQQ's, your "stock" can never go to zero

it will recover somewhere down the road

I bet QQQ recovers nicely before the next congressional elections are held.



To: DlphcOracl who wrote (21776)5/9/2001 4:57:59 PM
From: DebtBomb  Read Replies (1) | Respond to of 37746
 
Hi Dlphc, many think we need to have a capitulation stage where people never want to own a stock again as long as they live, that would be the real bottom and we haven't had that yet. No one knows where the real bottom is though. Some think we'll get it next year. I don't know, I just think we have more downside ahead as profits go down.