Stocks Down in Tokyo : LUSENET : TimeBomb 2000 (Y2000) : One Thread


"Feb 21, 2000 - 01:30 AM

Stocks Down in Tokyo The Associated Press

TOKYO (AP) - The Nikkei Stock Average closed at 19,543.75 points, down 245.28 points, or 1.23 percent, on the Tokyo Stock Exchange Monday." AP-ES-02-21-00 0129EST

-- Rachel Gibson (, February 21, 2000


European indices seeing red as well..

-- kevin (, February 21, 2000.

Predicted last Friday , that markets would be down today, around the world . Why not ? After ALL indexes here were down here, sharply Friday , AND , everyone has a LONG weekend to worry about the " bubble " breaking , AND , the world had one of it's few chances to lead, not follow the US market , why not ?

Also predicted a "Black Tuesday " here . May take till Wednesday for the " bottom " to drop out . The further worry of seeing foreign markets drop should tip the scales , I believe . Human nature ! Eagle P.S. Economy ROARING along at 6.5% last quater should MAKE the Fed raise interest rates a full half percent this time . Bon apetite !

-- Hal Walker (e999eagle@FREEWWWEB.COM), February 21, 2000.

>> The further worry of seeing foreign markets drop should tip the scales , I believe. <<

Maybe. In a bubble anything can happen. Rationality is optional.

In my opinion, there are two events that could push this market into a raging bear market: draining of liquidity by the Federal Reserve system or a weakening dollar.

The way things now stand, we may not see the Fed drain. They know the danger and are balking at doing something that would focus blame on them. More likely, we're about to see commodities prices start to rise, with the dollar's strength being bled off into inflation. This would be a deliberate policy move by the Federal Reserve, but with fewer of their fingerprints on it.

-- Brian McLaughlin (, February 21, 2000.

The heck with Tokyo, the DOW is down almost 300 today, and Nasdaq down almost 140! (12:45).

The Dow is only 219 away from going BELOW 10,000.


-- Sysman (, February 21, 2000.

Stupid Yahoo (and stupid me), these are Friday's numbers. Yahoo has their "market closes in 3 hours" sign running, so I thought thy were open.
-- Sysman (, February 21, 2000.

Sysman - ouch! :)

-- (@ .), February 21, 2000.

Sysman .... Hold the thought ! The figures will be worse tomorrow . But Wednesday will be a " barn burner , LOL !!! Eagle

-- Hal Walker (e999eagle@FREEWWWEB.COM), February 21, 2000.

Let us reverse the picture - since Sysman wants to trade early and trade often.... 8<) .....

Can you think of ANY good news about the economy since mid-January, or (in fact) any specific good news about short or mid-range world trade and commerce in general since mid-January), that might be any excuse for optimism in the near future?

(Let us assume very long term things (10-15 years) remain as good (or as bad) as they ever were ....) In other words, what would indicate that there would NOT be a significant pothole in the stock markets?

-- Robert A. Cook, PE (Marietta, GA) (, February 21, 2000.

Hi Robert .... It's a house of cards ( stock market/financial world/fiat money ) , SO , any little breeze , cough , sneeze .... get the picture . Only held together by greed and usery . The Head man ( woman ? ) said usery is naughty , and I believe He will humble the proud , the wealthy and the mighty , as He has in the past . Seems like the time is right . Hang on to those preps ! Eagle ( checking for a small breeze .)

-- Hal Walker (e999eagle@FREEWWWEB.COM), February 21, 2000.

Clinton was too clever by half when his Labor Department released the Producer Price Index and Consumer Price Index figures last week. The ficticiously small increases that they reported were so obviously a lie that nobody believes them. People only have to fill up their tanks to know that prices are going through the roof. Since the price of energy is a factor in all other prices, we know that more increases are on the way.

We have reached the situation that existed in the old Soviet Union before it fell. No one believes the government's lies.

-- Mr. Adequate (, February 21, 2000.

Wait till the truckers refusal to lose money hauling food for free (FFF) hits supermarkets as EMPTY shelves . THEN the sheeple will wake up ! " What do you mean the are no crunchy wonchies ?" . Hold those preps !!! Eagle

-- Hal Walker (e999eagle@FREEWWWEB.COM), February 22, 2000.

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