Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: C.K. Houston who wrote (1281)	3/24/1998 8:44:00 PM
From: Hawkmoon	Read Replies (1) of 9818

Cheryl, Be careful with how much credence you give to those "gloom & doom" reports. For one, the comment about lower dividends being paid out is bogus. Companies are chastised for paying dividends since the recipients are effectively tax twice. Investors today expect the company to take that money and buy back stock and thus, enhance shareholder value. Second, moneyflow into this market is on autopilot. 401(k), IRA's (especially the Roth) and various retirement programs provide a continuous flow of new cash looking for a place to be invested. It doesn't matter if the market is overvalued, that money has to be invested. Also, we have ever increasing quantities of overseas money coming to the US looking for a relatively safe harbor. What will cause the great crash of 1999 will be uncertainty surrounding the safety of our financial assets of all kinds. Timing the correction will be tricky but all it will take is one systemic failure of the infrastructure, financial or physical, due to y2k and people will head for the doors. I'm still trying to figure out how I will play it. Regards, Ron

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