Alltime high on Nasdaq

S2007S · Jan 24, 2011

Whats going to be the next major catalyst for the nasdaq to get to 5000???

Back 10 years it ago it was people buying computers and going online at record levels, what do we have now??

Smartphones and 62" LCD TVs....

The internet was a great catalyst for the economy back 10-15 years ago, its going to take something twice that big to get the nasdaq to 5000. There needs to be some kind of huge discovery or change in tech to do it. A few new smartphones and tablets isnt going to do anything.

ammo · Jan 24, 2011

most of the ideas over the last 30 years were human ,then computer math to bring them to fruition, medical miracles thru computer imagery and electronic reading of brain scans,tube the size of human hair temporarily implanted into tumors to view and remove the cancerous tissue, to name just two,you or i,the majority, being out of the loop ,have no clue as to the posssibilities,they are multiplying as we speak

noddyboy · Jan 24, 2011

Quote from S2007S:

Whats going to be the next major catalyst for the nasdaq to get to 5000???

Back 10 years it ago it was people buying computers and going online at record levels, what do we have now??

Smartphones and 62" LCD TVs....

The internet was a great catalyst for the economy back 10-15 years ago, its going to take something twice that big to get the nasdaq to 5000. There needs to be some kind of huge discovery or change in tech to do it. A few new smartphones and tablets isnt going to do anything.

Cloud computing and tablets. They are changing the way business is done.

jnbadger · Jan 24, 2011

Quote from DHOHHI:

I don't see it. Early March 2000 the NASDAQ Composite was above 5000 so we'd need to see about 95% gain from here to reach those levels again.

huh?

Nostradamus357 · Jan 25, 2011

Quote from S2007S:

Whats going to be the next major catalyst for the nasdaq to get to 5000???

Back 10 years it ago it was people buying computers and going online at record levels, what do we have now??

Smartphones and 62" LCD TVs....

The internet was a great catalyst for the economy back 10-15 years ago, its going to take something twice that big to get the nasdaq to 5000. There needs to be some kind of huge discovery or change in tech to do it. A few new smartphones and tablets isnt going to do anything.

Here's only an idea, but who knows right now..

Back in the late 90s the internet and the new internet trading imo is what catapulted the markets into the stratosphere.

Nowadays we have gov't intervention coupled with multitudes of people out of work not willing to take $10 jobs. Along with this we now have deep deep deep discount brokers which allows folks to play longer, and, on top of all this throw in a dash of a consistent flow of companies domestic and emerging showing solid growth with fewer employees.

I'm a short term trader and know that things may be getting a bit toppy here, and a correction is due, but I'm seeing hearts n flowers at the moment for the longer term.

blackjack007 · Jan 25, 2011

Quote from drcha:

I knew the civilized world would go to hell when residential garage door openers were invented (any of you old enough to remember that?) Within a year or two, we never saw our neighbors.

Then I knew the civilized world was REALLY going to hell when VCRs and video stores appeared, and and no one had to go the movies to see a movie any more.

Then there is voting by mail. You cannot even see who else lives in your neighborhood. I could go on and on.

Yes, it is very convenient. But there is no need for anyone to ever talk to anyone, or ever leave their house. You can have anything or any service you want at your doorstep. It's nuts.

people have options now. you can go to the movie theater OR you can stream movies on netflix.

you can go to the mall OR you can buy on amazon/ebay.

you can go to the grocery store OR you can order from the store's online site.

should we also eliminate automobiles and go back to horseback too? that'd increase face-to-face interaction

Tsing Tao · Jan 25, 2011

Quote from shortie:

what power? we all will become voyeurs. people will sleep, eat and hang out on facebook.

the good news is that the population growth will slow down because nobody will have the real sex anymore.

the bad news is that nobody will do any real work, so we will all starve to death.

good, more for me. i still dont have a facebook account (never will, privacy thank you) and i dont own one single apple product (simply no need).

Nostradamus357 · Jan 25, 2011

Quote from Tsing Tao:

good, more for me. i still dont have a facebook account (never will, privacy thank you) and i dont own one single apple product (simply no need).

Agree.

And Facebook is stupid. It's kinda like an advanced version of a phone book. This doesn't mean I wouldn't trade it tho, either long or short.... wherever it goes as I think it will have the potential for some nice runs.

Marin88 · Jan 25, 2011

Quote from Algo_Design_Kid:

If it ever goes public I am guessing it will be one of the most famous short side trades in history. The better question is how much pain will you have to inflict in the process? With the benefit of hindsight in the future I hope this doesn't sound foolish.

Social media garbage has a shelf life. There will be something else in the near future that will pacify the majority.

There is a difference between typical European and American businesses, European businesses could be multibillion and still be private companies i.e. family owned. Facebook is trying to be semi-private i.e. less than 500 share holders?

Information age is truly coming, google is working on their chrome OS. It'll be a fun ride.

bkveen3 · Jan 25, 2011

Quote from shortie:

most people have more computing power than they know what to do with. laptop/ipad/kindle/iphone made computers as mobile as reasonably needed for most people.

what kind of tech breakthroughs do you guys have in mind when you talk about the coming tech revolution?

the tech will crash way before everyone in the world has an iphone.

Tablets are the next step. Think of the possessive nature teens have towards phones. Now multiply that by a billion on a smart phone or tablet that carries "their whole life". This tool takes over several areas of life and creates huge new markets. Think of the tablet as your future remote control. Wireless connectivity will make it possible to play your library of movies on anyone's tv via your tablet. You will also be able to view your tablets screen wirelessly on tv, facilitating the way younger people view videos in groups.

Whoever finally puts cable out of business and sells airtime online will make money. Basically create a market where anyone who wants to produce shows can have a live channel with commercials as well as pay based content. For example, you could sell access to a tv series and because the access is virtual you can have an extreme amount of control on pricing. Your pricing structure could range from 1 episode viewed once to permanant ownership of the entire series and everywhere in between. It is also possible the emerging role of the tablet facilitates this transformation.

There are also developers creating methods of payment via smart phone that are extremely secure and cheaper than using debit cards.

These are a couple things I could see happening to make tech bigger. I am sure there are millions of others I am not capable of imagining. Humans can only think linearly and growth is exponential. For example, hardly anyone could have imagined how advances in magnetic storage would change the world. The long term trend (as in forever) is up, go with the trend.

*(citation, parts of the last paragraph are from "Using MIS" by David M. Kroenke)