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 : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: paul e thomas who wrote (9669)	2/24/1998 3:57:00 PM
From: Ken Salaets	Read Replies (1) \| Respond to of 13949

Paul, your scenario re Clinton's strategy may be fairly accurate, and definitely is consistent with the usual modus operandi in Washington, but bear in mind that Congress has been hammering away at the Admin for some time now, and it was this Administration that said that it did NOT need additional funds to address the matter -- at least that was the initial line. It was the same folks who started out with an artificially low estimate on remediation costs, and raised it only after receiving considerable criticism. I have regular contact with industry and govt. folks, including the Hill, and already, Gore is drawing the bulk of the criticism. I fully expect that this will continue, in increasing volume. John Koskinen is well-respected on "both sides of the aisle," as we say, and on the Hill and within the Admin. However, there is still a sense that the White House is AWOL on this issue, recent announcements notwithstanding. Moreover, I suspect that the media focus will reach critical mass long before August 1999. The number of stories are escalating daily, and as the lawyers gin up on this issue, they will turn to the media to plant exposes (sp?) of this company and that sector to generate additional pressure to secure settlements of the inevitable lawsuits. Granted, this is all just my humble opinion, but I have been in Washington for over a decade, and have "worked" with the media a few times myself, so I have some experience. For what it's worth. Ken

To: paul e thomas who wrote (9669)	2/24/1998 4:16:00 PM
From: Skeptic	Read Replies (1) \| Respond to of 13949

The main conclusion I draw is that there will not be a recession until the year 2000 begins ... My guess is that the fear will start to escalate right after the September 1999 earnings are published. There has probably never been a more predictable recession. Therefore, I expect the market and economy to react well ahead of the actual event. Given the huge increase in mainstream press coverage of late, I'm amazed that the market is back to record heights. Timing the start of the panic is impossible, but IMHO, waiting until 8/99 is a huge gamble. If everyone plans to sell their stocks and stash their cash, but waits until the last minute, they'll never get the chance. The slightest trickle could turn into a deluge in a few hours or days.