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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: KeepItSimple who wrote (43174)	8/25/1999 4:25:00 AM
From: Crystal ball	Respond to of 94695

Fed Discount rate rise to 4.75% on Year2000 Y2K bank run scare is what I was afraid of too, you just confirmed it. They ought to make everyone of these banks and companies get fixed with NEOM Neomedia adaptec2000 tools or some other bug fixer, even if the US government needs to step in and buy out these bug fixer companies under eminent domain and make the software freeware or shareware to prevent this catastrophe. I heard that there will be several year 2000 crises, since not only is January 1, 2000 year zero "00" for us, its will occur again and again as other countries that have other calendars hit zero, or convert through our zero date to get their current dates for their new years, such as much of the former USSR which has its own calanders, and other countries that follow the Gregorian calendar versus the Julian calendar, or arab calendar, lunar calendars like Red China, Hong Kong, Japan and the markets there and nuclear missle silos here and there etc. Anyway, I figure that Greenspammer had to have a reason, and its still same old FED greed for asia and importers and the IMF bailout of asian banks, why else and for what else are they going to use the "extra" fed funds? So all this money will be poured down the drain, and used to shut off on the one hand US production, and on the other help asian imports come in to the country to again shut down our production, all of which is not very reliable supply, and the demand....we are still here. I think his new nick should be GreedSpammer. If he really cared about the 52% of the US GDP that is bascially the market, and thats more and more of US-US, he would be adding liquidity right now, not AFTER the barn burns down. Well, I gotta go, have to rennovate my parents old fallout shelter, and firewire it so I can still do SI after New Years, and trade too if the markets are still here, at least I know I have several good weks of trading before October, lets see how high the market gets before the big apple drops. I am, Truly yours, -Crystal ball

To: KeepItSimple who wrote (43174)	8/25/1999 9:49:00 AM
From: Jon Matz	Read Replies (3) \| Respond to of 94695

Regarding a run on bank deposits, Americans have very little savings to withdraw. The issue I feel much more troublesome is a run on brokerage accounts as Y2K approaches. The likelyhood of serious internet access downtime hasn't even begun to penetrate the market psyche. With hundreds of billions of dollars in non-retirement trading accounts, that could prove to be the greater danger. Many of us remember the short lived panic in Oct. 97, when the web-brokers failed for a few hours and so did their 800#s. Sudden unexpected fear can cause unreasoned panic. Tick-Tock. When is someone trusted by the public going to drop that other shoe? I must admit, it appears I may stand alone in this opinion, or am reading the wrong threads?