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

To: Hubert Few who wrote (9624)12/31/1999 4:38:00 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 9818
 
HF, read Ur note w/interest, & wld like 2 suggest the following thoughts for your "consumption drag" concerns...

1)First of all...the Fed Reserve and all the powers that be have been telling us for months that increased consumption due to any kind of Y2K "stockpiling" hasn't existed. Not even a statistical hiccup they can find to support said postulate.

2) Secondly, the Fed Govt has done their deadlevel best to keep those of us who "have prepared" down to less that 1/2 of 1 percent...hardly a statistical anomaly.

3) Thirdly, food will be eaten, gold will buy things quietly and without paperwork, and generators can't be returned to the stores for "credit."

4) Bottled water will be used for houseplants, and the dog or cat, etc.

5) Gasoline will be poured into the tank and extra trips taken "just because folks don't want it to go stale"

6) Extra cash will be doled out to kids or relatives or to scratch that "mad money spending itch" our consumeristic culture loves to thrive upon.

7) And just quite possibly that 1/2 of 1 percent who have prepared, like me and mine are really glad to have extra on hand, period. It feels more solid than hand to mouth, and is quite a point of satisfaction that we have been frugal and able to plan for our own survival incase of hard times.

Net effect? Somewhere between zippo and zilch.

Your comments on my comments?<g>



To: Hubert Few who wrote (9624)12/31/1999 4:54:00 PM
From: Hawkmoon  Respond to of 9818
 
if you can figure out which industries will be the softest in the coming quarter, they will be prime stocks to SHORT, big-time.

Yeah... that's kinda why I figure that gold will get pounded on again over the next coupla months.

All that physical gold coinage that people bought, believing that their US Dollars would be rendered worthless,
will likely be re-converted back into cash.

Regards,

Ron


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