Here are the 11/16/98 - Fortune 500 SEC (Q 10 fillings).

Fortune 500 SEC (Q 10 fillings)

http://www.flybyday.com/y2k/remediation.htm

If you want to see what the big boys are doing to ignore the Y2K myth, check them out. The fillings speak for themselves. Ball games over! Greenspan warns, no one listens! 10:15 am PT, the dow is up 122. Have you ever seen the calm before the storm - Matt

************************************* Federal Reserve Chairman Alan Greenspan hailed the ''sparkling'' performance of the U.S. economy but warned that still-fragile financial markets and a drop in exports posed risks to the eight-year old expansion.

Greenspan's comments on the vulnerability of stock prices to a downturn because of weaker corporate earnings drove U.S. equity prices down in early trading. The dollar and U.S. bond prices firmed slightly though the overall reaction was muted.

Greenspan Sees 'Sparkling' Economy, Warns of Risks Says Stock Prices May be Difficult to Sustain Because of Weaker Corporate Profits ******************************************* Reuters

WASHINGTON, (Jan. 20) - Federal Reserve Chairman Alan Greenspan hailed the ''sparkling'' performance of the U.S. economy but warned that still-fragile financial markets and a drop in exports posed risks to the eight-year old expansion.

In prepared testimony to the Ways and Means Committee of the House of Representatives on Wednesday, Greenspan sounded a cautious note on the near-record level of U.S. stock prices, which he said may be difficult to sustain because of weaker corporate profits.

''While there are risks going forward, to date domestic demand and hence employment and output in the United States certainly has remained vigorous,'' he said. ''Though the pace of economic expansion is widely expected to moderate as 1999 unfolds, signs of an appreciable slowdown as yet remain scant.''

In his first testimony of the year, Greenspan said financial markets had reacted well to events in Brazil, which last week devalued its real currency in response to mounting investor pressure.

He said sustained reform progress by the Brazilian government now was the key to avoid a spreading of the crisis in the region and bolster investor confidence.

''Markets have doubtless stabilized significantly after the turbulence of last fall but they remain fragile, as the repercussions of the recent Brazilian devaluation attest.''

Greenspan said the Fed would need to continue scrutinizing developments on the world's capital markets.

''In light of the importance of financial markets in the economy, and of the volatility and vulnerability in financial asset prices more generally, policymakers must continue to pay particular attention to these markets.''

Greenspan's comments on the vulnerability of stock prices to a downturn because of weaker corporate earnings drove U.S. equity prices down in early trading. The dollar and U.S. bond prices firmed slightly though the overall reaction was muted.

In his testimony, he emphasized that the central bank does not use its interest rate policy to target specific levels in the stock market. Raising the possibility that recent gains in stock prices may be difficult to sustain, he said: ''The level of equity prices would appear to envision substantially greater growth of profits than has been experienced of late.'' ' ''But, while asset values are very important to the economy and so must be carefully monitored and assessed by the Federal Reserve, they are not themselves a target of monetary policy.

While saying the performance to date of the U.S. economy had been impressive, Greenspan said this achievement should not be taken for granted.

''...To assess the economic outlook properly, we need to reach beyond the mere description of America's sparkling economic performance of eight years of record peacetime expansion to seek a deeper understanding of the forces that have produced it.''

REUTERS Reut10:32 01-20-99

-- Matt (Butenam1@aol.com), January 20, 1999

Answers

Matt

Have you ever heard of a stop-loss order? Yes I know it is out of control, but one of the themes of this forum is planning. For me that means planning for all contingencies, including stock market downturns/crashes; caused by Y2K problems, third world market failures, military conflicts, or whatever. I took money out of my IRA last year to build a cabin, and if the stock market wants to race into uncharted territory to help me replace those funds and the taxes I paid, well I will let it. I won't be greedy, and even if the market is still going up by June I will be out of it. If things fall apart sooner, that's what the stop-loss orders are for.

BigFurDog <- On the Market rollercoaster ( Woooooohoo! )

-- BigFurDog (BigFurDog@snazzle.com), January 20, 1999.

My Roth IRA is still invested in very low-risk blue chip stocks through Putnam. Made almost $400 in interest just in the last three months of 98, so it is hard to yank it out when that is happening....however, I am watching it EVERY day and I DO plan on withdrawing the whole chunk after I file my taxes! (I kinda doubt the IRS will even be around this time next year so what the hey)

Kellie

-- Kellie (bill_n_kellie91@hotmail.com), January 20, 1999.

MAke sure that you set the trip threshold for your stop-loss high enough that it actually gets executed beforew the point that you lose money. When this one comes apart, there are only two ways it will go. Down at about 200-400 points a day (your stop-loss will be executed without a problem) or down to the trade halt triggers, which at this time are at (roughly, plus or minus 30 or so) -900, -1800, and -2700 (your stop-loss hasn't got a gope in h**l of getting executed in a timely fashion, but it WILL get executed.

cr

-- Chuck, night driver (rienzoo@en.com), January 20, 1999.

Could it be?

(Rev 18:9 KJV) "And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning,"

(Rev 18:10 KJV) "Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come."

(Rev 18:11 KJV) "And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:"

-- Mark Hillyard (foster@inreach.com), January 20, 1999.