Friday, June 09, 2006 3:09:54 AM
G&V:
"It looks like the NASDAQ is at the same level it was 1 year ago."
A lot longer ago than that! As I posted yesterday, here is the Nas 3 year chart. You can see that the Nasdaq was higher in January, 2004 than it is today!
My quote was "The NAS, at this minute, is almost exactly where it was in January, 2004 - about 2.5 years ago! What that means is that if you invested in the Q's in October 2002,
that 100% of your +95% gains would have been made by January of 2004. The rest of this "cyclical bull" market would not have made you a cent. Undoubtedly, with time and trading costs, you would have (on average) lost a good deal of money in the past 2.5 years."
Len
"It looks like the NASDAQ is at the same level it was 1 year ago."
A lot longer ago than that! As I posted yesterday, here is the Nas 3 year chart. You can see that the Nasdaq was higher in January, 2004 than it is today!
My quote was "The NAS, at this minute, is almost exactly where it was in January, 2004 - about 2.5 years ago! What that means is that if you invested in the Q's in October 2002,
that 100% of your +95% gains would have been made by January of 2004. The rest of this "cyclical bull" market would not have made you a cent. Undoubtedly, with time and trading costs, you would have (on average) lost a good deal of money in the past 2.5 years."
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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