Tuesday Outlook: Y2K Head Fake Redux?

We established that the Fed was going to backstop the markets, keep things stable and slowly but surely nurse the markets back to health… risk-taking has come back in the market.

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This article has 7 comments:

• Ames
  Tiedeman

  Apr 29 06:35 AM

  My Website
  Nice charts. Thanks!
• syruppy

  Apr 29 10:55 AM
  Is it just the pattern you're looking at or re you seeing some comparisons today with the [I}dot-com bubble,[[/I] as follows:
  
  "The [B]'dot-com bubble'[/B] (or sometimes the 'I.T. bubble') was a speculative bubble covering roughly 1995–2001 (with a climax on March 10th, 2000 with the NASDAQ peaking at 5132.52) during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields. The period was marked by the founding (and, in many cases, spectacular failure) of a group of new Internet-based companies commonly referred to as dot-coms. A combination of rapidly increasing stock prices, individual speculation in stocks, and widely available venture capital created an exuberant environment in which many of these businesses dismissed standard business models, focusing on increasing market share at the expense of the bottom line. The bursting of the dot-com bubble marked the beginning of a relatively mild yet rather lengthy early 2000s recession in the developed world." (wiki)
  
  I don't see that
• David Fry

  Apr 29 05:29 PM
  syruppy......it's just a pattern I see. But one must also remember that many dot.com companies were proven worthless just like a lot of mortgage securities that are the root of the current problem. Then there's real estate which isn't worthless......just worth less.
• corey mendel

  Apr 30 01:44 AM
  nyka...Who's "WE" [all caps]? With all the contributing bloggers on SA, why don't you find one that fits your MOJO? I, for one, prefer Dave's charts and succint commentaries. So kindly move along and go post your comments elsewhere.
• User 25498

  Apr 30 04:35 AM
  Nyka, you are a newbie. Don't foist your ignorance upon us.
  
  As all good Techies know: Fundamentals tell you WHY (But that could mean 6 months or 6 years from now; so they are worth less).
  
  The "Mumbo Jumbo Graphs" tell you WHEN (what the trend looks like for tomorrow, not 6 months from now). Pls learn from it.
• 300mph

  Apr 30 12:47 PM
  nyka, Cool it with the all caps. We'd prefer not to save our ears from your SHOUTING.
• davemcc3300

  Apr 30 01:14 PM
  FYI, nyka: I open David Fry's postings SPECIFICALLY FOR THE CHARTS (!!!) and his cryptic observations. I suspect you'd consider yourself a "fundamentalist&q... rather than a "technician"... Me too. But no fundie should move without checking his techie side. All part of meaningful stock-picking.
  
  (P.S. David Fry: keep up the great work!)

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