-- Scrubbing Bubbles (@ .), February 25, 2000

Answers

-- whoops (@ .), February 25, 2000.

Got out in June 1999. Had conversation last month with DGI sister who sneered, "If you stayed in and listened to Dad instead of worrying about this Y2k stuff, you would have made more money". She didn't get out. Who is sneering now? Maybe she'll have a lot of capital loss tax offsets for next year. Hah!

I remember a CBS Marketwatch late last year when one of the Doomers predicted Dow ~6000-7000 around April 2000. The bubbleheads jeered, "we'll save the tape and replay it". Hope they do.

-- Total Doomer (sky@falling.com), February 25, 2000.

On the other hand...

I sold 3Com stock at 25 (thinking a high tech stock was bound to be hurt by y2k. Just checked and it is at 84. Buy high sell low.. that's my motto. Sigh.

-- Linda (lwmb@psln.com), February 25, 2000.

I just get a kick out of watching the talking heads' smiling faces through the whole thing. Bubbly blondes and perky brunettes. Suave and smug men with an assuring voice. "Why, we're not surprised, this is just normal. Nothing to worry about. Here, let me show ya where to put the money." Hehe.

-- canthappen (n@ysayer.com), February 25, 2000.

Just checked it at down 249.75, below 9900. Yeowks, glad I'm out.

-- Cash (cash@andcarry.com), February 25, 2000.

Comments, Mr. Almond?

-- Powder (Powder47keg@aol.com), February 25, 2000.

Boy, aren't you glad that inflation is dead, just like we're told. Just think how bad it could be if inflation was a factor. Man, I'm sure glad that Greenspan is watching over me.

-- Sheeple (Sheeple@Brainwashed.com), February 25, 2000.

Linda, I know what you mean. My stocks that I sold? All up in a big way. Ouch.

-- Mara (MaraWayne@aol.com), February 25, 2000.

Bad news is always announced on a Friday afternoon. Is it just me, or does anyone else seem to see this drop, and last Friday's, as 'engineered'?

-- (@ .), February 25, 2000.

What was the bad news?

That the economy grew even more than expected last quarter?

Remember that the stock market is always and everywhere forward looking.

If the market levels out anywhere from here to 7,500, we can still escape a recession. Below that, wealth effects will kick in and we could see real effects on the economy.

The "nifty fifty" of the early 70s are back except there are probably only 20 or 30 left now.

Which ones do you own? Which ones are you going to keep?

-- nothere nothere (notherethere@hotmail.com), February 25, 2000.

Can anyone tell me what the top of the market was??

I want to keep stats on this drop, percentage wise. Thanks.

-- ~~~~ (Losing it @ Lost It .com), February 25, 2000.

Called it last Friday , about this time . Cracks to appear on Monday ( around the world ... LONG weekend to think it over AND chance for the world to move BEFORE the DOW . One last sucker rally on Wednesday for any who still had lots of money/little brains . Off by a day , but not bad ,if I do say so myself.

Same deal this weekend , but no Monday holiday . Time to worry , listen to friends and think they are the only " smart ones " to decide to sell . By Tuesday , it should be a blood bath !! But , BIG money , "stops" , etc. will try to stop the stampede . I'm sure a few billion was lost by those on margin today . By Tuesday , it could be 100s of billions . Got out years ago . Sleep nights too . The " slippery slope " is greased ; watch out below !! Eagle

-- Hal Walker (e999eagle@FREEWWWEB.COM), February 25, 2000.

--~~~~, try this:LINK

-- canthappen (n@ysayer.com), February 25, 2000.

Losing it - Looks like the high was on Jan. 14th - hit 11908.5 before closing at 11722.98. Todays close was 9862.12 or a 2,046.38 drop from the high in 6 weeks. 17.18% drop from the high, 15.87% drop from the 1/14 close.

The last time the DOW was as low as 9862 was on April 7, 1999, and the last time it closed that low was April Fool's day 1999.

-- Linda (lwmb@psln.com), February 25, 2000.

Imitation Sheeple,

There is only one Sheeple here, so please pick yourself another animal.

Sheeple

-- (Sheeple@Greener.Pastures), February 25, 2000.

I wonder what Yardini's saying about this. If today's "correction" stays, or gets worse, aren't we already into the "3" or "4" range? How far of a stretch is it from there to the "7+" range?

-- No Polly (nopolly@hotmail.com), February 25, 2000.

Sheeple at greener pastures:

You are not the only sheeple out there. I live at Brainwashed.com. If you have a problem....deal with it. :)

-- Sheeple (Sheeple@Brainwashed.com), February 25, 2000.

From a very general view, its just this simple: just about everybody, and almost all institutions, are out of money. Everybody has borrowed to buy stocks and to also buy on margin-even home equity loans and Mastercards. When the market can not go higher because of lack of liquidity, the buyers rushing in to get a bargain and to cover margin calls disappear. Robert Rubin, former secy of Treasury, in a speech at the London School of Economics last week said, translated, we've run out of rabbits to pull out of hats. As a former Goldman Sachs guy, he ought to know. Remember, its Goldman Sachs that has been a prime mover in manipulating the gold price. Don't forget the golden triangle, Gold, Oil, and Treasury Notes.

-- romain morgan (watchr@hotmail.com), February 25, 2000.

Hal Walker - You didn't call anything, in fact, you were way off. You said the bottom was going to fall out Wednesday. The NASDAQ was up BIG for the week and the S&P lost 1%; big deal.

Please don't refer to the stock market markets performance as what the DOW 30 does. That's only 30 stocks out of THOUSANDS, okay?

Yeah the DOW lost a bit and fell under the 10,000 psychological barrier but all the money just transferred over to the NASDAQ.

Here is my definition of the bottom falling out. All three indices have to bleed bad by at least 5% for the week and it wasn't even close.

Also Mr. Eagle I believe gold fell in price if I'm not mistaken.

Here's my take and I'll bet my prognostications are a lot better better than yours. DOW goes up and down, trending down perhaps 8500- 9000 by Memorial Day. Then we get socked hard by gas prices of $2.00 a gallon. NASDAQ will continue to set new records for another month or so. It'll be just like the Titanic where all the investor rats are running around looking for high ground in the NASDAQ tech stocks before they realize that eventually their is nowhere to run, then they MIGHT jump into the gold boat.But the NASDAQ and the S&P will get sorely bruised after Memorial Day due to the shock of gas prices. Until then the S&P will do a very slow slide down to about 1200-1250 by Memorial Day.

All of the above is moot if we get hit by a meteor or some other catastrophe that comes out of the blue.

Also when Amazon's first quarter humongous loss is published that will send the NASDAQ into a 100 point loss for the day.

-- Guy Daley (guydaley@bwn.net), February 25, 2000.

Hi, Guy,

I believe you're on target regarding the NASDAQ. Today I told people that the NASDAQ would reach a new record and the DOW would close below 10,000. Obviously, I missed the mark on the former. I'm still predicting a NASDAQ high of 5000 ONLY due to the extreme investor confidence I've perceived. Certainly I'll be as wrong on that prediction as I was when I rooted for DOW 12,000. I have to found no proof to convince me that the DOW will EVER climb to that level again. But the NASDAQ is unique, the last *stronghold* of Wall Street, and the greatest stock movement in the history of America.

Today I rapped with my company treasurer about the market, and he was telling me that the DOW is "antiquated". He is not much concerned about the DOW anymore although he certainly was last year. NOW he is FOCUSED upon the NASDAQ. He has the *dog* Ford and wishes he had sold it long ago. He wishes he had more money so he could get more NASDAQ stocks. Yes, he is greedy...

Please don't be so harsh with Hal. I have respect for the old timers on this forum and acknowledge their experience. They certainly have more wisdom than I do.

-- dinosaur (dinosaur@williams-net.com), February 25, 2000.

Hi Guy ... How do you consider the 1% rise significant of anthing but a last gasp Wednesday , when yahoo reported only SEVEN stocks were in the BLACK ? Means the rest were neutral ( neither up nor down ) but the majority were LOOSERS !

Do you have a crystal ball or are you guessing that " all " the money went from the DOW to the Nasdaq ? You must have lots of money still in the market to be grasping for such straws and looking as far as May for real trouble .

I say that who ever has been rushing in every afternoon the DOW falls below 10,000 , either ran out of money or courage today ; OR , they just RAN ! Time will tell . It always does . Eagle

-- Hal Walker (e999eagle@FREEWWWEB.COM), February 25, 2000.

Hi, Hal.

I expect some major turmoil on Wall Street next week. I know that now most complacent American investors shrug off the current DOW low because it's *antiquated* and behind the rising curve of the NASDAQ.

However, how many FOREIGN INVESTORS are nervously watching the new DOW low? The DOW is the oldest continuous Wall Street index, and I'm positive they're feeling out negative future earnings. All weekend they'll be mulling over whether to sell and get out while the getting's good. And I bet Wall Street will take another HIT from the foreign investors on next Monday's opening session and throughout the week until that next blasted *bloody Friday*!

-- dinosaur (dinosaur@williams-net.com), February 25, 2000.

Just guessing here, but maybe the money's going to the Nasdaq due to the shorts, trying to sell and cover before the bubble burst?

-- Carl (clilly@goentre.com), February 25, 2000.

Just guessing here, but maybe the money's going to the Nasdaq due to the shorts seeing an opportunity before the bubble burst?

Don't know squat about the market, but listening and learning...

-- Carl (clilly@goentre.com), February 25, 2000.

Sorry for the triple posts... all this shorts and longs and covers and direvitives, etc., gets confusing sometimes :)... prefer the simplicity of slot machines and the honesty of the blackjack dealers myself...

-- Carl (clilly@goentre.com), February 25, 2000.

Carl, the NASDAQ is the last leg and hoof of the Great American Bull Market. It is EXTREMELY POWERFUL! Most *experts* are befuddled by its continuous rise.

This bull will not descend gracefully. It will bronc wildly while it bleeds. Numerous greedy investors will rush UP to staunch its profuse bleeding, but they will get trampled as it falls DOWN.

-- dinosaur (dinosaur@williams-net.com), February 25, 2000.

Thanks Carl, you make me feel less 'stupider'. Hehe.

-- canthappen (n@ysayer.com), February 25, 2000.

Hal - Don't know where you're getting your figures but I go to Yahoo finance page and click on market digest and it will show you the advancers and decliners for DOW & NASDAQ as well as the 52 week highs and lows for both indices. Have a look.

http://finance.yahoo.com/m0?u

-- Guy Daley (guydaley@bwn.net), February 25, 2000.

Excuse me I meant to say the market digest has the NYSE, the AMEX and the NASDAQ composite figures.

-- Guy Daley (guydaley@bwn.net), February 25, 2000.

FWIW, some recent mutual fund stats:

From: AMG Data Services - Flows: February 9, 2000

Equity inflows total $11.0 Billion for the week ended 2/9/00

From: AMG Data Services - Flows: February 16, 2000

Inflows to Equity Funds slow to $7.7 Billion for the week ended 2/16/00

From: AMG Data Services - Flows: February 23, 2000

Inflows to Equity Funds total $3.8 Billion for the week ended 2/23/00
(Large Cap Equity Index Funds report the largest outflow since 8/4/99)!

Much of the inflows have been to tech, bio-tech, "aggressive growth", and international funds.

Jerry

-- Jerry B (skeptic76@erols.com), February 26, 2000.

The very nerve of that OTHER sheeple! The Green Pastures Sheeple is OUR Sheeple who lives HERE at TB2000..and has forever and ever! So new Sheeple...YOU deal with it..!!!

-- kritter (kritter@adelphia.net), February 26, 2000.