Fun day on the DOW ?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Not saying its going to be very bad, but watch the open of the DOW today !
-- hamster (firstname.lastname@example.org), November 10, 1999
Never mind. Confusing PPI, some negative talk on financials and then some negative Y2k chatter and the market plunged down 80 points.
Happy face comes out and says its all ok and people discount the PPI and it all pops up again.
-- hamster (email@example.com), November 10, 1999.
I detect that you detect that the Stock market is not the pinnacle of secure investing at this time as I'm sure others would agree with you. As well others would not.
Something of interest with Mr. Ways essay regarding the stock market:
""""Some orgainzations may have the time and infrastructure for one or two test runs(like wall streets famous $100 million street- wide test that did not go all the way back through all the firms' BACKROOM systems), but everyone knows that is not going to be nearly enough."
Question to anyone responding to hamsters thread:
If the test did not go to the back rooms (accounting etc) and everyone knows thats not going to be enough, then where does that leave the stock markets back rooms and ultimately the stock market!!
-- d.b. (firstname.lastname@example.org), November 10, 1999.
We have learned not to underestimate the power of the PPT as they protect us all from any type of large decline using taxpayer funds. The market/casino is made safe so the sheeple lose some of their money, but not enough to make them stop playing.
A friend of mine has a theory that I initially dismissed, but now am inclined to start believing. It goes like this. If the gummit were to show the world our true status on Y2K, our enemies would take advantage of that to strike back. The happy faced reports will be defended as being done for national security purposes when TSHTF. The market must be stabilized to show that the "smart" money is not worried about it either. All must remain normal, to keep our foes "thinking twice about attacking us."
I can see the slick one now speaking from the safety of the prez bunker, "I wanted to alert the public, but was advised against it to keep our enemies at bay. But don't worry, Hillary and I are safe, warm and have plenty to eat."
-- Bill (email@example.com), November 10, 1999.
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-- Stan Faryna (firstname.lastname@example.org), November 10, 1999.