Word: nasdaq
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...testimony that saw Greenspan return repeatedly to a favorite topic - the "wealth effect" of the stock markets on the public psyche - the implication was clear: Greenspan intends to see the Dow and the NASDAQ show consumers the way back to the sunny side of the street. And he'll cut interest rates to help bridge the gap between the doldrums of now and the summer days ahead, when those companies finally cost-cut their way back to profitability. At that point, the cycle can begin again...
...They also need to see that investors are expressing some confidence about the future profitability of companies. They need to see the markets start going back up. Look at the correlation between the ups and downs of the NASDAQ and retail sales over the past few years - it's astonishingly closely tied. With so much of people's wealth determined by the markets, the markets are now the best leading indicator not only of the economy but of consumer sentiment...
Nerd mystique, it seems, did not crash with the NASDAQ, and from the Internet to Iraq to Kosovo, remote control is our society's preferred means of combat. So if yesterday's Army grunts had G.I. Joe, what better model for tomorrow's push-button conquistadors than these butt-whuppin' machine masters? The lesson, at least, is apparently not lost on the U.S. Army, which is sponsoring the current season of BattleBots. All hail the Warrior Geek...
...this is the bottom Friday, he may not feel enough urgency to act, because a second between-the-meetings cut could look panicky. But if the NASDAQ keeps falling, say to 2000 in the next week or two, I think Greenspan will make a move. He can't just watch it crumble and continue to stand...
...NASDAQ hasn't really responded to the last few rate cuts. Will it work this time...