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Non-Tech : Invest / LTD
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To: wlheatmoon who wrote (1830)8/15/1998 6:08:00 PM
From: Lucretius  Read Replies (1) of 14427
 
The explanation would be VERY long. let's just suffice it to say that the economy is going to get shredded and companies that have become so lean in order to impress the Street and meet ever increasing expaectations (some simply haven't been able to do it for the last 8 months, that's why you're hearing about all the accounting chicanery that's been going on) that they will have a VERY hard time surviving the coming economic depression/recession as there is no more fat to cut to improve profit margins and productivity during a dwon cycle. The stock mkt is going into a secular bear where mutual fund outflows will be a drag on the mkt for years (Y2K and the cost to fix it will just add to the fear and problems in the economy and absolutely destroy techland). The overhang will be just like any other overhang in a normal stock. Selling pressure will be huge. It will get VERY UGLY.

My background is in accounting, law, history, and finance. (w/ I think HISTORY being the most important of those.)

Buy Gold and Gold mining stocks. You'll thank me in a few years as Y2K and more currency problems moves investors back to gold. I see $1000 an ounce or more in the coming years. Look for a head and shoulders bottom in the XAU. I believe we are putting in the top of the head now.

-Lucretius
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