Nasdaq = e^x

Adam L. Beberg (
Tue, 21 Dec 1999 15:50:00 -0600 (CST)

Since October 19th 1999 (44 trading days ago, at 2688) the Nasdaq has
been rising about 0.8559% per day.

Lets assume that 3911 * (1.008559)^n holds for a while longer.

In 3 months, 65 trading days, the Nasdaq will hit 6805.
In 110 trading days, ~May 15th 2000 the Nasdaq hits 10,000.
In a year, it will be a 35,861, having long past the Dow.

Juno Online Services, already bleeding money, decided today to give
internet access away free and shot up 130%. Pitty the fool that can
actually make money that is trying get funded in this market.

Of course, this model assumes companies can keep losing money at an
increasing rate. Amazon for example, to keep up will have to be losing
$5.41 per share per quarter (or about $20M/day), or the whole house of
cards falls down.

- Adam L. Beberg
The Cosm Project - -