Nasdaq- possible support area

[Nine_Ender]

I hope you're dead right but if my calculations are correct, that would result in a QQQ dividend yield of 20%!!! Party time!

That in a nutshell helps illustrate why certain events will never happen. QQQ couldn't pay that dividend in year 2000 and if anything big IT is underpaying dividends compared to what they make these days.

 

[SunTrader]

 

[SoyUnGanador]

Important to remember though, any investor who simply bought US indexes and held for decades was fine. OP however managed to lose everything he owned trading on his ideas. Your choice who you should listen to. If you fear Nasdaq something like SPX or TSX is more diversified and less volatile long term.

Oh shit, brightside literally lost everything he owned? Really? That's awesome, in an awful sort of way, of so!

 

[fan27]

Here is a forecast for the NDX100 if this turns into a brutal bear. Bubbles revert back to where they began. Just a wild guess, who knows?

In big bear markets often you see a retrace back to a multi decade trend line. Just having fun here - I hope I am dead wrong - go bulls!

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I'll play along with the chart porn. A 50% retracement from the break out of the 2000 peak to the recent high would put us at around 10000. I don't think we go that low but more likely than 2000.

 

[monkeyc]

I hope you're dead right but if my calculations are correct, that would result in a QQQ dividend yield of 20%!!! Party time!

And a forward PE of about 2.5!!! And someone will still say it's overvalued and tell us to short it

 

[Riser]

Now that the banks have flushed out every long position there will be a huge bounce after the FOMC next week. Bet your mother's house on it.

 

[nooby_mcnoob]

Now that the banks have flushed out every long position there will be a huge bounce after the FOMC next week. Bet your mother's house on it.

Many people still btfd I dunno who is wiped out.

 

[ElCubano]

What did you do, grind up Ken C into a powder and snort him?

More like Freebased.

 

[brightside]

Margin calls amd fund redemptions still havent happened. Wait til some hedge funds blow up. This is not a normal pull back thats healthy. Its the popping of an asset bubble. So called pro’s were telling investors to buy tech when the naz was only down 10% in 2000 and again in 2008. They made their “compelling valuation” arguements.

 

[ElCubano]

The pendulum swings hard both ways. From my experience being alive and having the opportunity to witness brutal crashes, they are usually much more violent in nature. Maybe the FED, Automated trading being much more entrenched in the financial markets changes that some. I’m not seeing the violent sell off 5-10% in a day, but that can be right around the corner.