John: I planned to take a long vacation until November because I felt there were too many vipers around in the Internet. Somehow they fail to realize that the market is large enough for all. There is no need for us to bad mouth each other and let the shorts get the upper hands. Taoman also made similar observations. When EDM discovered that a certain hypster marched into the ALYD thread and raved 14 times in two days to blast away every child, woman, aged and disabled in sight, he was pissed off. The rest is history.
What about Y2K? Well these are my random observations......
Hot money creates volatility
Hot money are chasing stocks in vogue. SOROS also made similar observations. That's not healthy, my friends. The behavior of hot money in this manner always signals a pending top at worst and corrective distribution at best. There are very few winners here. We should invest more and speculate (gamble) less, IMHO.
Al Gore is gored
First, he ignored the devastating impact of Y2K. Then, he messed with monks and nuns. IMHO, he is through.
Federal Reserve cop-outs
Thanks to Pat Ditmar's (FRXU.V) alert, I obtained a Federal Reserve tape warning its members about the Y2K problem. What does it mean? Translation: The Fed just said, "Hey losers, you have been warned. Don't sue us. You are on your own." I believe that this is the most significant piece of evidence that proves this problem is BIGGER than ever. If you have time, get yourself a souvenir copy so that you can show it to your son two years later and tout, "Son, this is how I made my first billion....."
Y2K stocks
I posted in this thread a year ago that I saw stock splits and secondary offerings. This is exactly what has been happening. As investors, we should not blame the companies for their cashing in. As speculators (gamblers), you might be a little disappointed in the actions lately. But all this consolidations, secondary offerings, indigestion and others will pass. Why? Because time is on our sides. This is one of these rare occasions that time actually favors investors. What us worry? The Fed tape is your insurance.
Y2K mania
The Y2K mania is slow to develop. I believe this is due to laziness or the "last hurrah effect". As a result, events, heart-warming events, will be compressed in a shorter time window that has not been anticipated. Since the window is shortened, the likelihood of a panic will increase. My Mad vision predicts: PANIC is a foregone conclusion. There is no escape. All Y2K PIGs will fly. There are enough money for all, I repeat.
Regards,
Mad Monk.
PS. It is getting late. I need some rest. I'll post again if time permits. |
