extremes

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Dec 29 12:45:23 PST 1999



> Some talking head on CNBC just reported that the Nasdaq composite
> index is 4 standard deviations above its 200-day moving average.

There's at least two questions that this can make you ask:

1) Is the NASDAQ rising "too quickly" ...? 2) Was the flat summer unjustified?

You'll note that the 200/50 day spread narrowed considerably during that time ... sheesh, statistics.


> Commenting on the chart that went with this, Paine Webber's
> director of NYSE floor operations, Art Cashin, said his colleagues
> are as nervous as a guy who drives a dynamite truck. I'm sure
> Jordan has comforting stats of the risks of driving a dynamite
> truck.

Hey, did I say that there weren't risks out there?

Besides: he's nervous, but he's not pulling the truck to the shoulder ...

/jordan



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