Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Hal Campbell who wrote (12554)	11/27/1999 6:27:00 PM
From: Carl R.	Respond to of 17679

My current Y2K theory is just about the opposite of yours. I believe that people are currently in a buying spree. Homeowners are stocking up on just a little extra groceries, and just a little extra of some other items that they consume "just in case". Similarly businesses are stocking up just a little extra inventory, and at the same time they are running high output as consumers of their goods build up inventory. Thus I expect a monster quarter for corporate earnings almost across the board this quarter. After the first of the year homeowners and businesses won't buy as much because they will be working off their excess inventory, and the slowdown will work its way up the ladder. Thus I expect the strong stock market to continue for the rest of the year, and I expect next year to start off strong as well as excitement over expectations of record earnings permeates the market. It won't take long in January for businesses to notice a slowdown in orders, though, so I think the bull will run out of gas in January and have to take a breather. Carl