SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Swine -- Ignore unavailable to you. Want to Upgrade?


To: bill meehan who wrote (28)9/1/1999 2:41:00 PM
From: coug  Read Replies (1) | Respond to of 1401
 
bill,

Right now, I think this thing is going to end with a whimper instead of a bang.. IMO, personal contact, etc., there is more and more skepticism about the market in general.. Not the old "wall of worry type" but the kind that will cause people to slow down their 401K contributions.. And therefore cause a real liquidity crisis for the institutional managers etc..

Baby boomers are close to retirement age and well aware of their quarterly statements.. when those hit the wall, transfers out of the index funds will be fast. They have been pumped too long about their "golden years" playing golf in the sunbelt to risk it.. And I think the BB's will be enough to start a RUN on the 401's.. thye have the highest incomes.. the 20 to 40 somethings will not be able to stem the tide..

BTW, Electric fences can not hold hogs.. What happens. they get a running start at them.. and start squealing about 50 or 100 feet from the fence. because they know they will get shocked when they blast through..

Maybe "the shock" of those statements will be heard and give us a warning before the crash..

Have a nice holiday..

coug



To: bill meehan who wrote (28)9/1/1999 4:26:00 PM
From: accountclosed  Read Replies (2) | Respond to of 1401
 
thanks bill!

we raced home to hear a very good presentation. you held your own with bill's devil's advocate questioning.

i got the quote as

Message 11132868

i'm looking to see if anyone got a better take on the exact words.

had a blast running around today.

we're tilting a bud now :)