Stock Market crash - I don't think sogreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
IMHO . . .
The stock market will "crash" when TPTB decide to let it crash. Until then, through whatever means possible, above and below board, whatever is necessary will be used to keep the bubble.
-- Same as B4 (NWphotog@Foxcomm.net), January 31, 2000
They can't keep it up forever. It's going to crash soon and when it does, it will come down HARD!!
-- (larryJJ@operandus.org), January 31, 2000.
It will crash at the Appointed Time -- perhaps when the Chinese begin selling their dollars and the dollar plummets -- so that for those who let themselves be possessed by avarice there will be no flight, no escape, etc. etc.
-- Squirrel Hunter (firstname.lastname@example.org), January 31, 2000.
There might be a change of attitude in TPTB. With Greenspans re- appointment as FED Head he no longer has to sweat the politics of the next "election." Greenprint knows and has stated that the stock market is over valued. The big concern is a crash not a bear market. We might be seeing the start of a delaying action on the market drop. Let the market fall in controllable increments and stabilize then let fall again to limit a chance that a large panic in the market could draw in the banking sector. If this is the case it won't be leap off a cliff but more like a tumbling fall down a mountain side.
The fed has tried rate hikes with no noticeable effect, people keep chargin away. Time to get their attention, hit them between the eyes with their 401k statements.
-- Squid (ItsDark@down.here), January 31, 2000.
According to Der Spiegel, a German publication, the Chinese have exchanged most of their Dollar holdings in euro's. Hope that helps - but - the market will not tank yet !!!!!!!!!!!!!!!!
-- (email@example.com), January 31, 2000.