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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (50160)	3/6/1999 3:37:00 PM
From: Hector	Respond to of 132070

5 DOW stocks made new highs Friday and we're only up 5% from last July's high. I predict a top of 9780, probably Monday and 2% more upside on the Nasdaq. After that, we go back down.

To: Lucretius who wrote (50160)	3/7/1999 10:17:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 132070

It's only 3% to 10,000--and with the euphoria we have going, it's time for folks with a few hundred dollars left over from their paychecks to open a mutual fund account for the first time, putting the groceries on a credit card. At the very peak of the silver craze there were people going out buying a few silver dollars the way they go to the race track once a year or buy lottery tickets. Of course the funniest one of all is the odd-lot short seller at the bottom. But 10,000--as you say--,may well be a barrier. I remember that long wait for the Dow to get back to 1,000 after touching it in the late 1960s. Must have something to do with the millenium. In 1000 a.d. everyone expected the end of the world and in 2,000 we expect to ride with Elijah to heaven on an ascending stock market. There sure have been some weird visitors to the thread recently. Wandering in like disoriented rabid foxes.