Quaker

Why I Think the NASDAQ May Be in Trouble

In any given year, the stock market can lose 50% of it's value. In most cases, losses are much more abrupt than gains. In Nasdaq, which is more a ponzi scheme than an actual market, a 50% drop wouldn't even give the market a low pe, relative to legitimate companies.

The markets have not beaten CD or treasury yields since the 1999 run up. It is trading at historically high PE's and these PE's are deflated by historically low depreciation, low capex and historically high stock buy backs. IMO, if a person doesn't know how to short Nasdaq, they have no business being long.