Are we seeing the first of the pre y2k big drops. If market protection goes in place tommorrow, You will have only two weeks to finish your preps, before the herd figures out that the y2k title wave is big bad and real.

I hope greenspan keeps his trap shut. We dont need him to spook the herd early. Im not finished with my preps. If he barks out any more negative info the markets will collapse early.

No need to ruin people's last economically good christmas they will have for the next decade. Two years ago would have been the proper time for warning about y2k dangers when it wouldnt have cause the world economy to tank. Y2k will be the big stinko, let the masses enjoy there last little bit of the fat economy in peace before y2k forces it to all hit the fan.

Some love and compassion by world leaders toward their people will go along way. With 10 weeks left to go leaders need to do their best to make the people as comfortable as possible. The y2k shock will take along time to get over. At least let them remember this holiday season with joy to take them thru the long cold icy y2k winter ahead. To the market puppet masters dont let it tank until after christmas please.

-- y2k aware mike (y2k aware mike@conservation . com), October 18, 1999

Answers

Hey Mike don't worry - they have planned on doing that all along...

Don't want to give joe six-pack a worry ulcer do we?

Hey, it's for our own good... they love us really...

-- Andy (2000EOD@prodigy.net), October 18, 1999.

Mike,

Don't worry, I think they'll stair-step this puppy down in a slow and orderly fashion after Monday. However, for today...Look for the smart traders to wear their "crash helmets" for safety sake. 300 to 500 point drop intraday lows are more likely. I'd be really surprised to see it go much lower. Might even get a bounce up before days end. I figure a good shot for a closing loss on the DJIA of -150 to -250, but hey she might even close barely positive, (but I doubt it.)

You can figure that Greenspan's comments about Y2k are due to the PPI inflation running at a new annualized 13% level for September. I figure that he's thinking it is do to Y2K hoarding. At least that's what I figure was going on, and that is why he made the Y2K comments on Friday...but he was sending that Y2K message to the media honchos to reign in their reporters...and also to big biz to stop the Y2K ad campaigns.

I doubt that Greenspan & Co. are stupid enough to raise interest rates in Nov. Y2K will kill off inflation come January without the need for higher interest rates. I suspect he knows that too. IF so, then all of this is just media posturing, trying to keep a Y2K panic from setting in too early. I imagine they'll succeed in that goal. I still figure there will be no panic prior to Christmas. Afterwards, who knows.

Meanwhile, enjoy today's entertainment.

-- Dick Moody (dickmoody@yahoo.com), October 18, 1999.