Market Mania....Get Out Now!greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Look at the charts. Tell me that this is just a super bull market. It's different this time. All the usual. Gloat about your profits you pollies.
As infomagic says it really is about the economy.
-- LM (firstname.lastname@example.org), January 03, 2000
go back to your hidey-hole, troglodyte
-- (email@example.com), January 03, 2000.
Hey, you don't know anymore about forecasting the market than I do about forecasting weather. Last fall I took the advice of market analyst (NOT!) Gary North, who was sure it was going to crash, and crash big by the end of 98! I got out! Wow, it just fllew up. I lost a lot! And I'll be the first to admit that I'm a blooming idiot for falling for this religious fanatic, doom and gloom, nut cake.
I wish I'd waited until now, but who knows. Even Kevin Phillips on the news last night said he had a feeling things were going to change dramatically. Perhaps we pay too much attention to feelings, and not enough to logic.
-- gilda (firstname.lastname@example.org), January 03, 2000.
(I live in Constantinople--plus the Ramadan; we leave an hour earlier than usual.)
Lots of computer problems here, incidentally. I'm seeing dates like March, 1980 in newspaper websites and our Company computers had to be re-programmed to show the right year. We were churning out invoices dated 2019 (the missing book from the Space Odyssey series?) Anyhow, that's my vantage point...
Just the beginning of the business problems and the economy and markets are right behind.
-- LM (email@example.com), January 03, 2000.
I wouldn't say we listened to feelings vs. logic. I pulled out of the stock market last December based on hard logic, given by real experts. Read the IEEE analysis of Y2K. It is not optimistic.
I believe running by "feelings" is what drove the market last month. Logic would dictate that values are at least a little out of hand.
-- Gary S. (firstname.lastname@example.org), January 03, 2000.
DOW's down 166 right now, 1pm.
-- Hokie (Hokie_@hotmail.com), January 03, 2000.
NASDAQ will tank this month!
-- dinosaur (email@example.com), January 03, 2000.