Wall street still spiriling or is it a scam, to fool us?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Several months ago i posted the latest Dow Jones/Wall Street plumet, it has since come up and gone down many times since then. The interesting aspect of this up and down ride, is that it is slowely incrementing lower after each fall.
Kinda like the old frog in the boiling pot of water routine
Ps: any in the trenches programer / consultant types out there with a few Y2K stories who would like their name in my book along with their submission. drop me a post and let me know what your story is. -------------------- Re Timothy J Wilbur Beyond 2000 Awareness Project Rosebank 2480 NSW Australia
-- Timothy J Wilbur (firstname.lastname@example.org), October 02, 1998
Right now, the 30 year long bond has a yield of less than 5% (I think it is 4.88%). If Y2K was on the minds of the financial markets, long term money would be very, very expensive.
Everything is short term. There is a massive capital flight from the rest of the world to the US, and all that money is cheap here, expensive overseas. When the long bond shoots to the sky AND precious metals soar, that is the point when the big players have discovered Y2K. My advise: borrow money if you can and buy stuff. At some point, you can name your price for ball point pens, toilet paper, diapers, etc. etc. Use these precious months.
-- David Holladay (email@example.com), October 02, 1998.
Swings up and down, with the overall trend down, heading into October. Perfect description of the market-1929
"Its like deja vu all over again"
-- Uncle Deedah (firstname.lastname@example.org), October 02, 1998.
Money flow has shifted from mutual funds into money markets (bonds). Remember there are millions of dollars each day added to 401K plans, and that money has to go somewhere. When that money flow slows or stops, the markets (stocks and bonds) will fall and interest rates will rise.
-- Bill (email@example.com), October 03, 1998.