Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: yard_man who wrote (45172)	12/27/1999 8:42:00 PM
From: Death Sphincter	Read Replies (1) of 94695

Hey Tippey...howdydo? I've been busy the last 2 months with a mountain property purchase/remodel with my brothers. I needed to get out of that tiny room and get some fresh air! Got back last night from a family X-Mas ski vacation and there you are asking ME if this is IT! S&P/DOW surprised me in October....was looking for S&P, DOW and NYSE all to return to their Feb lows and/or test their July 1998 high....only the NYSE did that and they faked me out on the other 2 indices. I wanted to be short term wildly bullish at that point but I was psyched out by Y2K. The USA is thick in cash and my gut has said that we should avoid a calamity here at home. My concern has been the rest of the world...if Y2K is real there will be a lot of problems for those who have not spent the money on Y2K and I believe that will seriously impact this fabulous economic run we have been on. Our market has been subject to the "Dumptruck Syndrome"....every month the dumptrucks full of cash have been arriving at the steps of Wall Street and dumping $$billions upon $$billions into the market. Every dip has been met head-on by dumptrucks. Y2K has the potential to create a worldwide recession. The question is whether it really becomes obvious January 1 or if it is a 'stealth bomber' and sneaks up throughout the 1st Quarter as problems in supply cause inflation, 'just-in-time' inventory becomes 'not-in-time'...layoffs occur, unemployment raises and the "tight for cash" begin to pilfer 401K's etc. and the dumptruck drivers seek unemployment benefits. Add to that alot of other things including a liquidity reversal, margin calls..etc.etc. and Uh-OH...this could be IT. I was concerned that there would be a cautious drainage going into the last few weeks...BUT NO WAY! Charge On NAZ! The look for me now is that we fade out from here, possibly starting tomorrow, and wait to see what happens on January 1st....NOW,... if January 1 does not bring some terrible Y2K demise I am guessing there is some profit taking and then a 'Y2K didn't destroy the world' rally with the January Effect $$$....but then if the Y2K 'stealth' starts to drop it's 'fecal matter cluster bombs'...o-h-h-h-h-h Major High Colonic....A Spirits of Ipecac Cocktail Yes, we are talking Explosive Diarrhea and Projectile Vomit Stink-o-rama

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next