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Anthracite Capital, Inc. Message Board

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  • Carolyn_Novice Carolyn_Novice Sep 24, 2002 9:15 AM Flag

    bond_dadddy..re:MFA

    Bubble Mentality Trouble

    Dow 1,000 - Reached 11/14/72 - Time Elapsed: 76 Years
    Dow 2,000 - Reached 1/8/87 - Time Elapsed: 14 Years
    Dow 3,000 - Reached 4/17/91 - Time Elapsed: 4 Years
    Dow 4,000 - Reached 2/23/95 - Time Elapsed: 4 Years
    Dow 5,000 - Reached 11/21/95 - Time Elapsed: 9 Months
    Dow 6,000 - Reached 10/14/96 - Time Elapsed: 11 Months
    Dow 7,000 - Reached 2/13/97 - Time Elapsed: 4 Months
    Dow 8,000 - Reached 7/16/97 - Time Elapsed: 5 Months
    Dow 9,000 - Reached 4/6/98 - Time Elapsed: 9 Months
    Dow 10,000 - Reached 3/29/99 - Time Elapsed: 12 Months
    Dow 11,000 - Reached 5/3/99 - Time Elapsed: 1 Month

    Granted, the higher the Dow rises, it would seem logical to assume that somewhat shorter time periods would bridge major market levels, but 1,000-point jumps in the span of a few weeks or months point to a "bubble mentality" that is not only dangerous, but quite out of control.

    CRASH WARNING UPDATE�.Tuesday 09/24/2002 9:00 AM EDT

    It looks like we are shaping up for another significant down day on Wall Street.

    The pre-opening S&P 500 futures are trading 16.40 points below fair value.

    The DJIA futures are down 112 points.

    WORLD MARKETS SNAPSHOT
    Market Last Pts. change % change Level
    FTSE 100 14:01 -119.30 �� -3.19%�.. 3620.10
    DAX 100 15:01 -129.75�� -4.45% �.. 2784.50
    CAC 40 15:01 -119.70 ��.. -4.28%�� 2674.61

    Fasten your seat belts!

    Carolyn