Would you expect the length of the cycle to be related to the depth of the recession that preceded it? I would. But of course there is always the possibility of unforeseen events. 'It's tough to make predictions, especially about the future.'
Correction? See everyone thinks its going to keep climbing, about 99.5% think its going to continue to trade even higher, so just buy! There is zero risk...the funny thing about this article is where Mr. najarian says its great for uber Facebook and tinder, is that what this is all about, its all come down to a ride sharing company, a social networking site where people share pictures of food and pets and a sex app? Wow...... Why Nasdaq 5000 will keep climbing: Najarian By Yahoo Finance5 hours ago ^IXIC) After a 15-year wait, Nasdaq (^IXIC) 5,000 is finally official. Although the composite still has a few points to go before reaching its previous record of 5,048 the foundation is in place for more upward momentum, says longtime trader Jon Najarian, co-founder of OptionMonster and a Yahoo Contributor. “I like the market here, I don’t think valuations are stretched,” he says. Part of Najarian’s bullish stance ties into the smartphone explosion. “That connectivity is really key to a lot of what’s driving the Nasdaq,” observes Najarian. Apple’s (AAPL) iPhone is an obvious driver, along with the companies that manufacture memory. “The SanDisks (SNDK) of the world with the solid state memory and flash memory, that’s huge. Every cell phone is packed with it, every iPad or [Amazon’s] Fire HD (AMZN) tablet is packed with that stuff.” The wireless revolution is just part of the story. The functionality of the internet is another driver. “In 2000, we were doing $4 billion worth of business online. Now the number is in the hundreds of billions of dollars,” says Najarian, who predicts continued growth as the world moves towards being 100% mobile. “Instead of you being tethered to your desk, walking around with the same kind of computing power now that you had on a desktop in 2000, that’s huge. It's great for those retailers. It's great for Uber, Facebook (FB) and Tinder.”
"ITs different this time", PE is 27 today so thats good news, she goes on to say the nasdaq should touch its high of 5048 in a few days, (2:37)into the video, so no worries about a correction, the nasdaq is going to surge even higher this week, 5100 is certainly in favor by Friday close! 2%+ upside this week alone! <iframe width="624" height="351" scrolling="no" frameborder="0" allowfullscreen="true" mozallowfullscreen="true" webkitallowfullscreen="true" allowtransparency="true" src="http://finance.yahoo.com/video/nasd...04276.html?format=embed&player_autoplay=false"></iframe>
And the winner is......Xandman or, says the liitle guy as he points to the large man the room.. "Im with him"