Stock market is giving up alot of ground and can only lead to unbundling of leveraged investments that could start a major domino effect of selling, even in real estate. Pay off mortgages, sell unwanted items, keep cash on hand and have some precious metals for some insurance.

WORD TO THE WISE

The crash is here and most people won't be able to sell only when it's too late.

-- I KNOW (i.know@more.than.you), May 03, 2000

Answers

Why don't you end every post with "... and this is a recording." It would lend a sense of authenticity to your work.

-- Ken Decker (kcdecker@worldnet.att.net), May 03, 2000.

I Know, "zackly" how do you propose an average Blue Collar pay off a 30 year mortgage, next month, when the mortgage is in it's 2nd year? Have "Precious metals" for insurance? Precious metals? Oh yes! got chrome on car bumpers, got a piggy bank full of metal coins, and wait a moment, I have GOLD in my mouth!! Your predictions/warnings are wasted on some situations. Guess that is why some of humans are gifted with Gumption, instead of Gold.

-- Poorer (th@ndirt.com), May 03, 2000.

Now, of course, if you really thought all this was true you'd keep the information to your self, and then profit by it by acting accordingly in the market.

One of the first rules of investment advice -- don't believe anyone who's not extremely rich and living in their own villa somewhere exotic and warm. Do you qualify?

-- E.H. Porter (Just Wondering@About.it), May 03, 2000.

"I predict a sharp recession 2nd quarter 2000..." - Ken Decker

Two Words: Ravi Batra

-- Ed Yourdon's ghost (old TB@inter.net), May 03, 2000.

(laughter)

Yup, I predicted a recession, but beginning in 2Q/3Q. In economics, this is like predicting a rainstorm. Batra's prediction would have prompted Noah to build a bigger ark. If the Fed can manage a "soft landing" I will be proven wrong in spades... but stay tuned. It ain't over yet.

-- Ken Decker (kcdecker@worldnet.att.net), May 03, 2000.

"We have two classes of forecasters: Those who don't know -- and those who don't know they don't know." -- John Kenneth Galbraith

HEH

-- Chicken Little (panic@forthebirds.net), May 04, 2000.

E.H. -- There's also something to be said for taking your positions first and then publicizing the heck out of it, hoping to get others on the bandwagon so that your recommendations come true.

-- Stock Guy (stockguy@stocks.rfun), May 04, 2000.