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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Howard Clark who wrote (6091)	6/21/1999 4:35:00 PM
From: Bill Ounce	Read Replies (2) \| Respond to of 9818

re: Y2K correction timing It does not look like the market is in the mood for a near-term correction (I know, famous last words... <G>) Greenspan has strongly hinted at a rate hike and the market remains not far from it's peak. After that, I wouldn't be surprised to see an 11,000 or even 12,000 DOW before Autumn. Eventually, some people will get nervous over possible Y2K uncertainties and pull their money into safer things. Don't know if this will happen in August or November. My guess is October. Also don;t know how big this correction will be. My guess is 25% to 50%. (This is not all that big when you see how much the market has gone up the past 10 years.) One strategy is to sell stuff in late Summer and hope to buy it back at lower prices come January/February... If problems are limited to FAA/government stuff that should be a profitable move.

To: Howard Clark who wrote (6091)	6/21/1999 6:24:00 PM
From: bearcub	Read Replies (2) \| Respond to of 9818

CSFB is correct, not GS. Thank you for that clarification. however, the "one day sell-off" phenom, its retracement has not been as complete as you claim. i remain steadfast: ---the y2k selloff has begun. you are free to think otherwise. ---it began in the banking sector. you are free to think otherwise. ---we are NO stronger than the weakest stone in our nation's foundation. that stone is our fractional banking system, our fiat currency backed by nothing tangible. you are free to think otherwise. ---we exported our foolishness fiat to every nation on the globe. you are free to think otherwise. there is no redundancy system for the federal reserve. you are free to think otherwise.