Stock market finish lines

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Today's results,

Dow Down 2.65% (272.60 points) at 10,014.01

NASDAQ Down 2.73% at 2730.20

S&P 500 Down 2.84% at 1246.96

Glad I haven't had any money in the stock market! But, to be fair, I thought equity values were way to high at DJIA of 6000. Would be nice to sell stock at these prices though! Maybe I should do an internet IPO!

I've always thought that panic would set in over Y2K fears. HAsn't happened yet. Wonder if "feeling poorer" from stock market losses will make people more attuned to gloomy news and forcast about Y2K? Thus making them more "panic" prone. Regardless of if Y2K is a BITR or TEOTWAWKI, I still think people's reaction will make it three times worse than it would otherwise be. And people DO tend to "vote" their "pocketbook"....that's why Mr. Clinton is president....aside from Perot splitting the conservative vote. Still don't think this market dip will cause mass public mood swing. But wonder if anything will. I frankly have been expecting it way before now. So far, I've been wrong on this. Hope I stay wrong! Right now, expecting the panic "just in case" buying to hit last two weeks of the year.

Your input?

-- Genius (codeslinger@work.now), October 15, 1999

Answers

"that's why Mr. Clinton is president....aside from Perot splitting the conservative vote."

Clinton is president PRECISELY because of idiots like me who voted for Perot. Clinton didn't WIN, he just didn't LOSE.

Bear in mind it was the Reagan-Bush economic tuning that enabled him to inherit such fortune....he is the most outrageously lucky man on the planet.

-- lisa (lisa@work.now), October 15, 1999.


They have decided to let it down slower then I thought. They need to keep the polyanna sheeple thinking everythings going to be OK. Better to slowly heat the water then through them in the boiling water. The'll break more that way. They want all the sheeple money. Monday we will have another 275 point drop.

-- Baaaaaa Baaaaaa (justme@me.me), October 15, 1999.

Lisa,

Precicely! My analysis of the vote exactly. When you look at the percentages, ans actual votes cast, looks pretty clear to me.

Also, still amazes me so many credit whoever is in the white house with the state of the economy. There doesn't seem to be any convincing people any different, either. I agree the economy was primed, and Mr. Clinton did indeed become president during a very "lucky" time for him.

One thing come to mind. When times are good, people tend to think they always will be good. When they are bad, they tend to think they always will be bad. It's only when the evidence is running over them that their mood changes...and then usually much slower than evidence warrents.

-- Genius (codeslinger@work.now), October 15, 1999.


Lisa-

Add to that the fact that a Republican congress has throttled Clinton's spending and eliminated the annual deficit. Clinton likes to claim that our national prosperity is because of him, when the truth is that it's DESPITE him. I just wonder how he and AlGore will explain away their dismal (non)leadership on Y2K. Extreme malfeasance (bordering on treason) is also a reason for impeachment I presume?

-- cavscout (knows@the.truth), October 15, 1999.


I think that the REAL Y2K runs will start when the first big winter storm hits out of nowhere. That will wake people up to the fact that it could be a long winter without heat, light, etc,

Also, just the fact of the leaves falling, the early darkness, and cooller days will START some people to thinking (I think).

Hmmmm, Y2K runs. Wonder if Immodium can cure that?

-- profit_of_doom (doom@helltopay.ca), October 15, 1999.



snotslinger...more people smoke than voted for clinton

-- snotslinger (try.to@stay.sober), October 15, 1999.

More people inhaled than voted for Clinton.

-- not a dope (impeached@high noon.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 reaklise 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.


Date: Fri Oct 15 1999 07:19 SteveIS (Greenspan is working with Europeans) ID#297380: Copyright ) 1999 SteveIS/Kitco Inc. All rights reserved

The Europeans want the US stock market down. They are pissed that Greeny hasn't had the Cojones to pop the bubble much earlier. When they made their gold announcement it was aimed at the US bubble markets.

Greeny went to them after the gold explosion and said help drive down gold so some of my boys can cover. So they said only if you start to pop the stock bubble.

The timing of Greenie's annoucement is astounding. This morning is settlements for October S&P options. The pros are the ones short all the puts which suddenly are in the money. Greenie is telling the pros to back off. The PPT isn't going to help them anymore.

The stock market is going to get real ugly real fast. They may step in to slow the fall a little but not to much.

The gold bull is just begining. Don't get shaken out by little squiggles.

We aren't in Kansas anymore.

-- Andy (2000EOD@prodigy.net), October 15, 1999.


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