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Thread: The NASDAQ

  1. #1
    Damage your reputation seenbad's Avatar
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    12.15.17 @ 10:48 AM
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    Donor

    Anybody have a portfolio in here?

    NASDAQ closed at 2052.78 today. How low do you think it will go before it hits bottom? Or do you think its allready there?

    Personally, I missed the mark. I thought it would be 2100.

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  2. #2
    Baluchitherium JWS_5150's Avatar
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    05.18.09 @ 11:19 PM
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    Donor

    It's not done falling yet, I don't think...

    Intel's layoff report today's going to hurt the index some more, I think.

    Bad times...

    And no, I don't own a portfolio.

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  3. #3
    Eruption
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    12.31.69 @ 04:00 PM
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    I really think the only place to be now is resources (oil prices are inclined to keep rising I think). I wouldn't touch a tech stock with a 40 foot poll at the moment - just to volatile. Sure there might be a couple of oportunities to catch a few stocks at the bottom but basically I don't think its worth the risk.

    Mate, I don't think there even is a botton to the nasdaq - sounds weird but we've never had anything like tech stocks befor that are totally (in most cases) demand driven with no real profit or cashflows. I really think they can go a long way further down than they are currently.

    And to add to the whole thing I believe that the US is headed for a big recession in the near future - even the DOW is artificially way too high. There will have to be a correction sooner or later, and when that happens the US will dive into recession I reckon. Depending on the size of that dive it might drive most over countries into negative growth also. Could be a world catastrophe!! You may think I'm going over the top but the US security markets are so powerful at the moment they are basically powering the whole world.

    In short, the nasdaq can go as low as your imagination will allow and I for one am staying well clear. Resources and some industrials are the shot at the moment I reckon.

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    RD

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  4. #4
    Niners Fan! SactoFan's Avatar
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    My mutuals took a major dump this year...However, that's a good thing for a long term investor...a very good thing...
    Buy cheap, go long, baby!!!

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  5. #5
    Eruption
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    12.31.69 @ 04:00 PM
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    The worst thing about little tech stocks is that they don't offer options. You can't hedge yourself against a crash by going long in some put options.

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    RD

    "Rock 'n' Roll is my second favourite thing in the whole world" - DLR (1983)

 

 

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