Replies to post #55802 on Zeev's Turnips Patch-No Politics (ZEEV)

[mainehiker]

And BTW, when NAZ hit 5000, the economy was booming and techs were posting record gains for at least 2 more quarters. So history could easily repeat itself but in reverse. Just some food for thought...

i disagree.....many of the earnings were padded, especially since stock options were not considered expenses....
much of those last 1000 points in the nas were the final blowoffs in never to see profit internet stocks and much i like some of them: bios that got blasted to levels they could only hope to see with a total cure of cancer. Much of the increases in earnings in semis (asnd thus stock increases) were from the massive overcapacity buildout and buildout in fiber optics, much of it still "dark"

[mlsoft]

"... when we hit the bottom the bears will be screaming we are going to 700 ..."
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sylvester....

Or then again, it may be the bulls screaming for the 700 level <gg>. I understand your point though. Many folks tend to hang on to what has been working and are reluctant to change.

("Guilty, Your Honor" - in 2000, I waited until it became clear we were in more than just a correction and did not catch the top. But since then, I have had plenty of time to make up for that mistake.)

Sometimes, the need to shift gears is obvious (as it was in late September after the post 9/11 mini-crash.) I have an idea that this bear will not be that way at the final bottom, which I still think will come from sheer exhaustion, with different sectors bottoming at different times but with no "V" bottoms anywhere. There will be no rush to catch the bottom so there will be plenty of time to work your way back in.

Just my guess at the moment, though.

mlsoft

[zhina]

yeah, I even remember the TV's talking about " It is only a matter of fact time before NAZ catches up with DOW " (GG)