Y2K (Year 2000) Personal Contingency Planning Message Board

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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning

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To: John Mansfield who wrote (186)	4/27/1998 11:07:00 AM
From: Bill Ounce	Read Replies (1) of 888

re: new circuit breakers Circuit breakers can be viewed as just artificial controls in a what should be a free market. But, investors can act like paniced lemmings at times, so 10, 20, and 30 percent circuit breakers halt trading for a while so people can stop and think about what they are going to do. For example, "is the market still over-valued, or has today's correction presented some great discount opportunities?" The new circuit breaker triggers make alot more sense than the old ones. A 30 percent correction is really no big deal for a market that has been on a tremendous bull run, unless you are totally invested in call options :-) Long-term, it's a good thing to let an over-valued market correct than to prop it up with anti-free market circuit breakers. If Y2K has a crash in store for the market, let it happen. It's all part of the natural business cycles that so many new-era analysts are calling obsolete....

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