How long can it go?greenspun.com : LUSENET : Bill Parish : One Thread
I'm sure everyone's wondering -- how much lower can the markets go? It seemed for a while that the NYSE would avoid most of the downward push, but now it's being eroded as well. NASDAQ should have bottomed by now, considering that many companies have lost 90% to 95% of their stock value.
What's the deal -- "irrational pessimism" to go with the irrational exuberance of the 1990s?
So many companies are tempting takeover targets with these dramatically depressed stock prices. How much M&A activity should we expect over the next 2 years? Is that how long it will take to restore upward mobility to the market?
-- Tom Nadeau (firstname.lastname@example.org), September 06, 2001