Nasdaq hits 4000 in intraday trading -where are we going?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Opened over 4000 and then fell in midmorning trades. Now at 12:30 Eastern the index edged past 4000 again.
Just how thick is the membrane on bubble.com?
-- Possible Impact (firstname.lastname@example.org), January 10, 2000
Segment on NBC news last night said that biotech will be the next stage of the bubble, er, investing mania, er, craze. NASDAQ 5000 by mid-2000?
-- (@ .), January 10, 2000.
I see things being pitched nose-up for another try to gain altitude, but I ultimately see things stalling out and going into an out-of- control spin.
Wonder how much altitude will be lost? Or will it be an unrecoverable death spiral all the way into the dirt?
Ejecttion checklist- Visor down and oxygen mask tightened in place. Sit full upright and back in seat. Feet flat on floor. Elbows in. Grasp D-ring with both hands and PULL.
-- Wildweasel (email@example.com), January 10, 2000.
It is my understanding that Clinton restructured our national debt such that the short term debt comes due one year after he leaves office, or very early in 2002. At that point only bankruptcy, another rediculous restructuring, confiscation of all citizens gold to help pay foreign investors, or a massive infusion of the FEDs paper ( read Argentina style inflation) would seem to solve the situation. ( or we sell off all our national parks and wilderness to the Japanese and Arabs.) At any rate, it is not inconceivable that the bubble could go on for 2 more years, although I'm inclined to think not. (But where we are made no sense a while back either.) But look for some sort of crisis when the national debt comes due in couple years if not sooner.
-- lynhettler (firstname.lastname@example.org), January 10, 2000.
the bubble membrane is likely very thick.....I call it the Teflon Bubble.....my view is if the market can withstand the real or imagined threat of Y2K then it can survive anything: until the baby boomers start retiring in large numbers a decade hence....
-- Jonathan Chevreau (email@example.com), January 10, 2000.