Every time I refresh the ticker, dow jones keeps on a dropping...greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread |
It just keeps dropping....and dropping....
and dropping.....
Scary stuff. Let's hope it levels off a bit before they have investors doing the 20 story shuffle...
It begins..... where will it end?
-- DavePrime (the-tv-guy@hotmail.com), October 15, 1999
Black Monday looms.
-- (DowGuy@wallstreet.com), October 15, 1999.
266.58
-- (Oxsys@aol.com), October 15, 1999.
Yahoo indicates the Dow dropped below 10,000 briefly (to 9998.18), but it did manage to end above 10,000. Monday looks reeeeeally interesting...
-- Don (whytocay@hotmail.com), October 15, 1999.
closed at 10019. scary.
-- sarah (qubr@aol.com), October 15, 1999.
I have noticed that even when the drops have been larger than the 2.6%loss shown by DJIA, when the number of digits in the index doesn't
change (fictitious example: 11,605.33 to 11.205.33, 400 point drop,
3.45% drop), non-business people tend not to care as much. However, to
the lay public the change from four non decimal digits to three digits
is much more meaningful--even to the business-ignorant. It *looks*
smaller. Notice that although IIX lost 3.3%, I don't see as much
hoopla about it as it dropped from 335.18 to 324.13 (-11.05)--no change
in number of digits. Yes, I believe y2k will corrupt the stock
exchange industry, but despite the change in number of digits, what we
saw today is significant more psychologically than actually related to
y2k data corruption. When the corruption comes, then drops in the
neighborhood of 2000-4000 points in a single day could be possible,
followed by wild market gyrations--even with the safeguards built into
the stock exchanges. I'm not an expert, but I'm steering clear of
the stock market until late 2000 at the earliest--perhaps never if
things go really bad. What I see now is people hedging a bit against
maybe some trouble in early 2000, but general awareness has yet to
strike--if it ever will.
We won't know the future until it arrives....
-- One of the Pair (PairoDocs@eworld.com), October 15, 1999.
"Every time I refresh the ticker, Dow Jones keeps on a dropping"AHA! So YOU'RE the one! Well STOP IT and the Dow will be ok!
Now, if we can just track down that woman who gives birth every 20 seconds, we can solve this dratted population problem!
-- bw (home@puget.sound), October 15, 1999.
It was stated a long time ago by many different people that Y2K would instigate a redistribution of wealth. I suspect that is what really lies at the bottom of the well. It's just money and power changing hands. The New Powerfuls will be made and emerge unchallenged and peace shall reign again. Common folk which includes "yuppies" are not even noticed as large entities rather like teutonic plates build up pressure and then release the energy bringing forth new lands, new seas, and new mountains. That makes us all, one and all, explorers with Columbus, in a ship out on the unchartered seas in search of a new world silently within our chests while babbling spice trade routes. It's only scary when the newly discovered shore line hasn't come into sight and one is caught within the short cut of the volatile horn.
-- Paula (chowbabe@pacbell.net), October 15, 1999.
Do teutonic plates cause German earthquakes?
-- Ha (hahah@haha.com), October 15, 1999.
Paula,Do you actually believe that shit you are shoveling?
-- (Goodgrief@whatnext.com), October 15, 1999.
For the spot price of gold:
http://mrci.com/qpnight.htm
http://www.kitco.com/gold. graph.htmlFor the spot price of silver:
http://www.kitco.com/sil ver.graph.htmlFor the spot price of platinum:
http://www.kitco.com/p latinum.graph.htmlFor U.S. Markets and stock quotes:
http://finance.yahoo.com/?uFor Major World Indices:
http://finance.yahoo.com/m2?uSincerely,
Stan FarynaGot 14 days of preps? If not, get started now. Click here.
Click here and check out the TB2000 preparation forum.
-- Stan Faryna (faryna@groupmail.com), October 15, 1999.
It will end in the greatest buying opportunity of this Once in a Century (during the closing years of that Century) Infrastructure Replacement Cycle. Folks, hang in there, especially if you are long the companies that are associated with this Infrastructure ...Internet savvy companies, older line outfits nimble enough to Get It. Remember, it's for the Grand children! LOL!
My Great granndmother "accumulated (on dips) Telephone (before it was known as Telephone) in the late 19th Century as it displaced the telegraph. Original shares of Niagra Mohawk in the same time frame. Ditto Brooklyn Union Gas. When my grandmother inherited the stocks, she held. Periodicly they would split...in my Grandmother's phrase, "cut a mellon." That was the Infrastructure change associated with the closing years of the 19th Century...communications, new electrification, and Utilities expansion from 225,000 to almost 3,000,000 people (Brooklyn Union Gas).
Don't miss the boat folks...this one is for real!!
By the way, folks, I am not a Polly. I have Preps, food, H2O, etc. Look, there were Depressions during those 19th Century years. Just don't squander this opportunity.
-- K. Stevens (kstevens@ It's ALL going away in January.com), October 15, 1999.
There is a financial war going on with the Europeans in cahoots against the dollar as the world reserve currency.The only way to make sense of what is going on, with oil, gold, silver etc. is to realise this fact.
The rest of the world have had enough of american dollar debt arrogance - it's pay back time...
Look for another gold announcement on Sunday in the wee hours...
China is making a move now to usurp London (the LBMA) and trade gold independently of the Cabal...
I feel the gold producers will announce a gold cartel a la OPEC...
Greenscum and the Fed have BLOWN IT big time.
-- Andy (2000EOD@prodigy.net), October 15, 1999.
Andy: I'll bet you say that to ALL the threads....
-- King of Spain (madrid@aol.cum), October 15, 1999.
Gotta get the word out King, gotta get the word out.Monday may be too late. IF, and it's a big IF, an announcement is made that would force gold up - the markets would lock limit and shut down...
What's the USA gonna do? threaten to sell OUR reserves at Fort Knox - just like the Brits did to me and my fellow Brits - totally illegal and unconstitutional yet they got away with it...
Would Americans allow this illegal act???
By the time they reopen the price will have skyrocketed preventing many from getting aboard...
-- Andy (2000EOD@prodigy.net), October 15, 1999.
K. Stevens: Once again, you are mis-reading, or seriously misinterpreting, history.At that time, the US was a very prosperous nation, I believe already on the gold standard, the FED was not even an evil twinkle in its creators' eyes(formed 1913), and the US owed NO-ONE anything.
Look around you. See all the infrastructure falling apart?
It will take HUNDREDS of billions of dollars just to bring all the roads, bridges, sewers, etc. up to the average level of the 1950's!
How will this be done when the US is so grossly in debt? Or, to re-phrase, if this is indeed the NEW ERA, why is the savings rate NEGATIVE, and why are the bridges not being repaired in these "best-of-times". A little thought will easily expose all the BIG LIES we have been fed,even though many can see through them. When I hear the stinking crap being spewed by TPTB, all I think of is Hitler's famous quote..."The great majority of the people will more easily fall victim to a BIG LIE than a small one."
-- profit_of_doom (doom@helltopay.ca), October 16, 1999.
Profit_of_doom,
Sadly, the late 19th Century only looks prosperous from today's vantage point. The U.S. Government almost defaulted on its Civil War debt and had to be rescued by Morgan and Seligman in 1877. The country as a whole was deeply indebted to Europe, a condition that was not remedied until World War I.
The Depression of the 1890's was so desperate that only an upswing in wheat prices in the Fall enabled McKinley to defeat Bryan of Cross of Gold fame. The period has been preserved in Allegory, and EVERY child has heard of The Wizard of OZ. The Cowardly Lion is Bryan, who lacked the guts to really take on Wall Street. The wizard is McKinley, who talked of the future, inclusion, BLAH BLAH but had no intention to keep his promises to Dorothy. In the original, the slippers were SILVER, NOT Ruby. The symbolism is apt.
No matter what the difficulties, you will be cheating your Grand children if you miss this once in a century Infrastructure Shift.
-- K. Stevens (kstevens@ It's ALL going away in January.com), October 16, 1999.
King - I must be Psychic!!!This is just what I envisioned...
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THIS COMES HOT OFF THE PRESS! THIS COULD BE IT!!!!!!!
Good luck all...
Got Gold?
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12:55a EDT Saturday, October 16, 1999
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy tonight sent this dispatch to his subscribers at www.lemetropolecafe.com and asked me to send it to you because it is of general interest.
GATA is calling all friends of gold to their battle stations for a special announcement at 7:50 a.m. Central Daylight Time this Sunday -- tomorrow. This is going to be war, and we're going to win it.
Please post this as seems useful.
CHRIS POWELL, Secretary Gold Anti-Trust Action Committee Inc.
* * *
GOLD PRODUCERS ARE DIVIDED BUT OUR 2 HEROES ARE EFFECTIVE
By Bill "Midas" Murphy www.lemetropolecafe.com
Friday, October 15, 1999
This past week I told you that some of the major gold producers had agreed to an unwritten, but formal agreement, to cut their gold production, a la OPEC. My information came to me from the best of sources in the gold producer community.
I just received this email from GATA Treasurer, Chris Powell. It quotes an a usually informed source who posts on the Interet:
"It's illegal to form cartels in America. The government prohibits any such organization. But outside America, it's perfectly legal. Just take a look at OPEC.
"Since the British gold sale, South Africa got real angry and, led by Anglogold, it has been pushing full- steam into creating an international gold cartel made up of non-USA gold producers.
"The rumor buzzing out of London tonight is that an agreement has been reached and will be announced at a big press conference soon.
"If non-USA mining companies announce even a 25 percent reduction in global gold output, it's gonna ignite the gold price beyond description."
This confirms what I have been told.
I also have reported that there are rifts in the World Gold Council. This explains the rift. The overly hedged shorts do not care for a cut in production; their shares will not perform well if the gold price explodes. This also explains why Gold Field Ltd. announced today that it has now covered most of its hedges.
Chris Thompson of Gold Fields and Bobby Godsell of Anglogold have been the powerhouses on behalf of gold. They are standing up to the Hannibal Cannibals and are quietly changing the gold world in behalf of their companies and the gold industry. Gold shareholders, they are your angels. They should be applauded.
Carpe diem is in. Hannibal Lecter is out.
By now you all know that the U.S. Producer Price Index figures released today were far more bullish for gold than anyone imagined. The dollar was beat up and the equity markets were trounced around the world, yet gold was allowed to rally only $2 by certain malign forces. If that did not hit you over the head today about what we are dealing with, get a checkup with a top brain surgeon.
Our camp has been victimized far too long. I would like to echo our sentiments:
WE ARE MAD AS HELL AND WE ARE NOT GOING TO TAKE IT ANYMORE.
The Gold Anti-Trust Action Committee certainly will not stand for the government bailout of the cartel that has ruined so many companies, shareholders, and miners to suit its own greed.
At 7:50 a.m. Central Daylight Time on Sunday morning GATA and the "right flank" will make an important announcement to every gold company shareholder in the world.
-END-
-- Andy (2000EOD@prodigy.net), October 16, 1999.