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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Richard K. who wrote (10316)3/20/1998 2:00:00 PM
From: Colin Christie   of 13949
 
..More from the floor of the SPG Year 2000 Conference today--

Dr Ed Yardeni forecast for 2000 problem:

"60% chance of GLOBAL recession, magnitude like '73-4 recession or larger"

"Recession in 2000 will be fundamentally deflationary"
"Look at Japan, 10-year bond yield is at an unprecedented level, down to 1.54%...I look at this number with great interest every day"

"When the FAA problem is finally understood, the airline stocks will be in trouble."

"Market reaction to recession...who can say, but remember that peak-to-trough drop in '73-4 was a 43% drop"

And where to invest?
"Bond yield is going to 5% this year, 4% in 1999, and 3% in 2000"

Where will Dow go this year?
"Dow could go to 10,000 before the drop"

Where does Dr. Ed have his own money?
"Zero-coupon bonds"
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