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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (114)12/13/1999 7:50:00 PM
From: pater tenebrarum  Respond to of 42523
 
i heard the same thing today...it would be rather Nikkei-ish if it were to happen that way, but then, who knows...



To: LTK007 who wrote (114)12/14/1999 12:42:00 AM
From: Lucretius  Respond to of 42523
 
i thought that would be a main driver for a while, but i think in order to be a truly f*cked up mkt, it should screw those who are greedy and holding till next yr while rewarding those who sell now so that would mean that we selloff now and actually end up w/ tax LOSS selling into yr-end....



To: LTK007 who wrote (114)12/14/1999 1:02:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 42523
 
Between tax reasons and new money that hits the market after January 1 every year, traders have a lot of reason to hold through Y2K weekend.

But after that, I reckon it's open season. Earnings could carry the market but the overbought condition has to poop out sooner or later and move back down to the MA's for a while.

Just the way the market works over time.

There will be a bunch of rich "clowns" ready to hit the malls for post-Christmas sales (myself included). Hope folks here have fun mocking everyone that destroyed the "expert" fund manager's returns in 1999.

The cash we hold in January will spend the same regardless.

"Isn't it rich?.....Isn't it nice?......There ought to be clowns..."