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Technology Stocks : Y2K damage reports -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (270)	2/6/2000 1:32:00 PM
From: dclapp	Read Replies (1) \| Respond to of 286

I agree completely. best, doug

To: Gersh Avery who wrote (270)	2/6/2000 5:50:00 PM
From: Phil(bullrider)	Read Replies (1) \| Respond to of 286

Gersh, I haven't followed your posts closely, but were you not one of the Y2K fanatics? One of the "The sky is falling" group? Now you state: The primary damage that has taken place was the fed injecting liquidity into the system. Massive amounts were injected to prevent shortages in liquidity for late December. Now that liquidity is being pulled out. In the meanwhile, people have taken on huge amounts of debt for the purpose of buying stocks. Again, this is the result of the fed having added liquidity into the system. The markets went up .. people bought more stocks. Now the market will pull back. People will lose their houses, cars, bank accounts etc. It is my understanding that the feds injected cash to the banks in case of a Y2K run because of fanatics insisting there would be some sort of disaster. It seems that fanatics can use any event to make a case for their cause. Which trees will you hug tomorrow, or which whales or snails will you try to save? Just wondering. Have fun, Phil

To: Gersh Avery who wrote (270)	2/6/2000 6:30:00 PM
From: anne_r	Respond to of 286

Well said and, unfortunately for many, too true.

To: Gersh Avery who wrote (270)	2/7/2000 10:21:00 AM
From: Bill Ounce	Respond to of 286

re: not too much went bad, the bubble I expected a "bump in the road" to a "bug induced recession". I did not expect any collapse of civilization, but am still a bit surprised at how smoothly things went. Not too many damage reports out there. As for the "bubble", I'm not certain. It seems that many stocks are overvalued, but who knows when the big correction event will come? Think it's best to play both sides with both tech stocks and some bearish funds. Don't know when the big correction event will happen. It could happen tomorrow, it could happen 10 years from now. Smart diversified investors will make a killing in tech and then periodically re-allocate to cover their butts for a crash. :-) If people don't diversify, they will eventually learn an expensive lesson. 100% bearish folks have been waiting for the crash for the last 4 years and have made little money. People who are 100% bullish have put all their big gains at risk.