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.................................... Unusual Suspects for the week ending September 19
.......... The new Forbes 400 List is out. Buffett remains at #2 with $36 billion. Soros and Charlie Munger are also in the billionaire class. .......... Taking a longer view of the Nasdaq 100, you can see how devastating the bear market was. Good to know the Fuzzy Logic Trend Locator got folks out in October 2000. Unfortunately my own logic was so fuzzy at the time that I couldn't identify any change in trend... I had a system fault -- buggy human nature, lol.
.......... My suspicion that the NQ would dip back to 1370ish before blast off became a reality yesterday... it was just a lucky guess. The Nasdaq 100 is at the highest level since April 2002; it's up over 75% off the October 2002 low. Of course it's still down over 70% from its year 2000 high. Timing is everything. ;-)
.......... Caroline Baum writes that lower interest rates aren't the answer to structural unemployment. "Structural unemployment means people have the wrong business, the wrong location, or the wrong skills." Indeed, cheap money may prolong the problem by keeping marginal businesses alive; Japan's "zombie companies" are kept going by "free" bank credit. Previous Entry >>> Random Thoughts -- September 18 |
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Chairman MaoXian |
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