You know I will find something to disagree with here<NG>
Let's start here:
>>The drop below 2,000 is irrational pessimism about the future state of the economy and purely emotional.<<
I won't agrue the emotional part. Too down too fast. Definitely oversold territory and definitely due for a rally. But for that person to say that the market is being "irrationally pessimistic" is total crap. What can he base this on? Historical records of growth statics? Boy, they aren't kidding when they say "it's different this time". What if growth turns flat or negative? What then? Wouldn't one be able to agrue " show me the signs of continued unprecidented growth before I invest"? <<out of time on the edit>>>>
>>The lower the market goes the better bounce when we finally hit bottom.<<<
That is total and 100% bull poop! Further, even if they are right, who is going to be there to ring the bell and tell everyone we have bottomed? How are we going to know? I mean if we buy now(because no one can pick the bottom) and the markets drop another 50% that means we will need a 100% "bounce" just to get you back to even. And if you buy little by little, you can almost garuntee yourself of running out of money before we bottom.
Also. There is no law that says we need to bounce , or even recover(in a timely manner) from any type of bottom. That's plain ignorant to think we *have to*, just because.
Only way we get a nice recovery is for growth to pick up. And even at that, so many of these tech companies are so highly valued it will take years for their earnings to catch up to their prices(using traditional valuation methods)
I'm not even going to comment on their assesment of AAPL.
<<If you have your entire wealth in the stock market right now with no chance of ever having cash to work with you will have a long wait, but it will come back. It might take several years for the NASDAQ to see 5,000 again, but it will get there.>>
Mose BS. Even when the COMP gets back to 5K, what are the chances of one's portfolio having shares in the leaders? Further, what about CSCO? Anyone want to bet with me it doesn't see $80 again for 10+ years, if ever? How about MSFT? When is that thug gonna ever get over $100 again? Look at how many people hold LU!!!!! Some one want to *promise* me that a LU ionvestment a year ago will show me a return in the next seven years? How about the widow's and orphans stock, T when will that one recover? Point I'm trying to make here is that the old leaders *probably* won't be the leaders in seven years.
<<Thinking along these lines, any continuation of the NASDAQ's drop below 2,000 represents a chance to make profits on the way back up. The further it falls, the more you will make.>>>
Finally, the more you think you will make. The more chance you have to lose.
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