Overnight Markets Down, But Oil Is Up

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

At 9:40pm (Pacific time) I checked the Moore index and Globex. The S&P 500 was down 580. The E-Mini was down 625; Nasdaq100 down 5000; and the E-Nasdaq down 5050. But, the big surprise is oil. February crude reached $29.00 a barrel, and March crude $28.89! In checking the Asian markets, all but two were down. Wall Street tomorrow (Jan.19th) might be very interesting!

-- Linda (lindasue1@earthlin.net), January 19, 2000

Answers

If you see the Sqwauk Box crew with their serious faces, could be interesting.

-- Squid (ItsDark@down.here), January 19, 2000.

Hang Seng down 3% 1:30am EST

-- Gia (laureltree7@hotmail.com), January 19, 2000.

I'm now fully vested in stocks, as foolish as it may seem. I withdrew every penny last year waiting for the October crash, which never materialized. I then waited for a December sell-off, which never materialized. In fact, if I left my money in stocks, I would not have to work so hard this year like I have been so far as some of my stocks that I used to own are now up over 500% from the time I sold out.

Hey, I realize a crash can happen at any time. But I also realize that danger is imminent when EVERYBODY is bullish. There is enough bears to bring balance to the market right now.

I study the charts every day and I find bullish chart patterns for the DOW, S&P, and NASDAQ. The market will blow off in a frenzy at some point, and that is when I will sell. Until then, I plan on making as much money as I can this year.... and you should too.

-- I AM (Trying@2B.Reasonable), January 19, 2000.


I Am,

I suppose they will just ring a bell for you to know when it's the top, right? What happens if the top has already happened? When are you going to get out if that's the case?

Another September of 1929 quote.

-- J (Y2J@home.com), January 19, 2000.

I am...if it goes TU overnight, WHO are you going to sell to??? There has to be a buyer for every seller. Who is going to buy your stock for anywhere near the top when all they have to do is wait and buy it (if the company is still in business by the time it reaches the bottom) at the bottom. You aren't making much sense. Today's market is NOT investing. Its gambling. It has all the ear markings of the penny stock mkt...same risks....same rules!! Yes...I too got out of the market. But my reasons for getting out are even more strongly supported now than a year ago. I too will enter the market again...AFTER the crash where I can pick up your stocks for ten cents on the dollar. I think you are missing something here. Just my opinion.

Taz

-- Taz (Tassi123@aol.com), January 19, 2000.



Moderation questions? read the FAQ