619. Nasdaq bubble (1/2/2010)

After Hong Kong, I went to South East Asia. In Bull market, there used to be one peak in chart. This time the bull market had multiple peaks in more than two years around 11,000 points of Dow Jones index. It almost became a plateau of peaks. I think the Feds maintain the stock market in high value at the hope that I'll return to buy back some stock. Of course, I wouldn't touch it any more.

On 7/26 2000, I came back to US. In August, in the statement of Securities company I found my wife had bought two high tech. stocks in May and June - two months before I came home. They were: 50 shares of New Focus @ $46/share and 200 shares of China Unicorn @ average $22/share. On 8/30, the price of New Focus was $136. The Nasdaq market was crazy at that time. I select Dow Jones fundamental stock because for most time, it would keep a certain value. I have different views on high tech. stock. They are highly speculated. It could become a piece of paper any time. So I urged my wife to sell her two high tech. stock immediately. She refused. Within days, the Nasdaq market went downwards. That was the start of the evaporation of the dot.com bubble. I think it was the result of my urge. Feds wouldn't let my account make money. (It was a joint account)

In the end of November, New focus was at $20 and China Unicorn was $14. They lost half of their original cost my wife paid. New focus later changed its name to Oclaro. 50 shares were shrunk to 6 @ $1 each. That piece of paper now is worth six dollars.

I think that's revenge from the Feds. To offset the profit I made in trading Boeing and City Bank. They lured my wife into the Nasdaq bubble. The money she lost almost equals to the profit I made.

Strange to say, the break off of the Nasdaq bubble doesn't affect the Dow Jones index. Dow still kept floating around 11,000 when Nasdaq lost almost two thirds of its value. I think that was because Feds still wished me to fall in their high value stock trap.

When I was in South East Asia, Feds still sent many informants disguised as tourists to travel with me. This needed a large operating fund. I think the money may come from the rising stock market. I thought many small groups worked on it. They follow the signal of buy and sell from a lady Whom media called "the Goddess of stock market". I noticed her because her hint for many times accorded with the plot Feds applied on me. In my opinion, the US stock market has been kept in an unreasonable high level since 1995 at the purpose to prevent me to profit from it. So the market had a tendency to adjust to normal (much lower from the current level) when there was a trap set for me.