Jeff--
That's an extremely well written essay by Mike Adams. When you read that back-to-back with the stockhouse.com interview with John F. Mauldin is there any wonder as to why we have a blow-off top underway in the indices while the larger universe of stocks is the the cr@pper? The disconnect effect is very real.
Occasionally I discuss y2k with people who have good educations--Phds, MAs and MSs--in various disciplines. They appear to be smart, but have no idea re: the way the world works. They pride themselves as being smart consumers, yet have no concept how the mass quantities of "stuff" they consume arrived at their doors. Their portfolios are doing well, but have no idea that it is "mania" rather than fundamentals at work. They have "faith" that American ingenuity will find "work-arounds" for they few minor problems y2k "may" bring.
I repeatedly remind them that even if we all wake up to plenty of hot water for our showers the morning of 01/01/00 y2k will have consequences beyond the geo-political scope of American "ingenutiy" that will wreck businesses, careers, portfolios, families and lives. I know this could very well happen to me and mine. I'd like to believe I am emotionally prepared in the event that I become a victim rather than a mere observer. I doubt that very few of these people have even considered job loss as a potential outcome not to mention financial ruin within the realm of possibilities. This level of emotional unpreparedness concerns me a great deal.
I have no opinion on what effect the movie will have. There's some stiff competition tonight.
>>>The digitally restored version of The Wizard of Oz (8 p.m. Sun., TBS) has its basic cable premiere. The new TV movie Y2K: The Movie (9 p.m. Sun., NBC) stirs up millennium-bug hysteria, all in the name of sweeps. Ken Olin, Ronny Cox, Joe Morton and Lauren Tom star. Glenn Close plays the title character in Sarah, Plain and Tall: Winter's End (9 p.m. Sun., CBS), the third TV movie about a Kansas farm family. This one deals with a prodigal father (Jack Palance), World War I and the influenza epidemic of 1918. Also starring Christopher Walken.<<<
Yes, pay no attention to the man behind the curtain.
(Don't forget your movie scene re-writes...<ggg>) |
