Nasdaq 5k

[Mike777]

Originally posted by limitdown
say 3:1 reverse split, small rally, we cross near 80, then keep going, and spike over, say 100 or so.

Hey, 2 years tops.

Have fun with that one.

While at these depths, it seems almost hopeless to wish upon a 120 star for the Q's, its more than just a long way out, beyond 10 years+.

What gave us such a rally was an administration that had two terms to stoke the flames and run the economy at full blast. We are so far from that, even on the horizon, that we will all probably be retired before coming even close to such a market again.

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

 

[limitdown]

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?

 

[Mike777]

Originally posted by limitdown

wonder who those spinners and writers are, who keep making up new reasons to justify keeping US on balance?

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

 

[limitdown]

sure seems like a dream now, what with the 5yr lows on the Dow and SP500

 

[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.

 

[Mike777]

Originally posted by 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.

Good point and worth more than 2 cents I think.

 

[SicilianTM]

Originally posted by limitdown
say 3:1 reverse split, small rally, we cross near 80, then keep going, and spike over, say 100 or so.

With market cap weighting I don't think a reverse split would change anything.