Nasdaq 5k

Discussion in 'Trading' started by Mike777, Jul 3, 2002.

  1. Mike777

    Mike777

    Of course you maybe right but you don't know for sure. No one can say what will be the next catalyst that will stock the stock market, suffice to say it is likely to be something that none of has thought of. It always is.
    Cheers
     
    #31     Jul 5, 2002
  2. you're right,

    it always is.

    wonder who those spinners and writers are, who keep making up new reasons to justify keeping US on balance?
     
    #32     Jul 5, 2002
  3. Mike777

    Mike777

    Well I guess it's all of us really. Trading aside, no one has anything to gain by depressed economics/stocks/house prices or whatever. On the other hand, everyone gains when the economy booms so everyone is engineering it. That's why short selling is so unpopular in the minds of the masses. It serves no one other than the speculator.

    We all desparatley want the future to be economically sound otherwise there is nothing to work for.

    As Ruskin said in the late 1800's rural workers who are scrambling to take part in the inustrial revolution are consigning themselves, and their following generations, to an economic slavery that will create no alternatives and no freedom.
    Cheers
     
    #33     Jul 5, 2002
  4. sure seems like a dream now, what with the 5yr lows on the Dow and SP500
     
    #34     Jul 11, 2002
  5. mbs

    mbs

    just my 2 cents but the corp scandals/thievery have the potential to erode more than investor confidence...they might well make it difficult to raise capital for years to come.

    believe nasdaq composition will change significantly over the next 2 to 3 years with stocks de-listing, fewer firms going public.

    nasdaq 1200 likely in next 6 to 8 weeks, 900 by december if some of these thieves don't end up doing hard time.

    :(
     
    #35     Jul 11, 2002
  6. Mike777

    Mike777

    Good point and worth more than 2 cents I think.
     
    #36     Jul 11, 2002
  7. With market cap weighting I don't think a reverse split would change anything.
     
    #37     Jul 11, 2002