Yo, Jordan,
No I didn't mean it to argue with you...I think it's a great topic to discuss because i would rather discuss with you than some stupid analyst..
When I hear about y2k and the stock market...people have said they are going to pull their money out and hold it in their hands...phsycislly, just like they did during the depressino..this sucks the money right out of the market....what i meant, is why the heck pull your money out if you firmly beleive that the market will hit 13k in a few weeks/months like you stated...be a good time to get in, IMO...
Maybe i misread you..to me, it looked like you (in comparison terms) would sell your ECNC for the short-term while you are at a gain, only to know for sure, next week it will be much higher..that is where it looked goofy to me..
check out this email sent to me about what you and i were disucssion -
FM
Hi Matt,
Was lurking on SI and say discourse on y2k effect. I read somewhere a month back (of
course, can't find it now) speculation that mortgage rates could drop at the end of the year
due to y2k. The US markets are seen as safer havens for money during the y2k transition
than foreign markets so there could be a massive influx of money at year end. It would
probably be short lived, but could this have an effect on Wall Street? Would it counteract
US folk pulling money out of the market due to their fears? Would we be rich if we had the
answers? People do act on their fears whether or not the fears have any foundation.
Wade Cook claims y2k is no big deal because it happens on a Friday night and we can
handle it over the weekend...."we're Americans". :-)
Just a passing thought.
Lars |
