I was just over at the year 2000 thread, and just finished reading through around ten or so disaster/gloom/death/destruction type messages...most were hyperlinks to articles from online publications. All sorts of predictions are postulated, ranging from people's pacemakers going out to a major world recession. Many recommend getting out of stocks in 1999. I have no idea right now how this is going to play out, and I can't use myself as an example because what I'm going to do is just get the share certificates so I'll have them in my possession. 80% of my money is in CDs, and that's the place I'll be real cautious, I may even convert them all to cash just to be on the save side, although I believe the cd certificates will be safe enough, but still, that's where 80 percent of my money is, and holding green for a few months will be worth the interest loss if it lets me sleep at night. But stocks...now that's another story. What happens if the scare mongers get center stage next year and bombard us with gloomy predictions, all the scarier because there will be an element of truth that would be unwise to completely deny? People might just start to panic...and maybe the herd mentality will kick and cause a full stampede out of the market. Is this wishful thinking? In just over a year we may be able to pick up shares of Coke, Colgate, Clorox, and such at indecent prices. If that happens I'll be buying right into the panic...I don't think these companies are going to go out of business, and sooner or later Y2K problems will get fixed. What do you think? Might we be looking at the greatest opportunity in our lifetime directly in the face?
E.H.F. |
