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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning -- Ignore unavailable to you. Want to Upgrade?


To: John Mansfield who wrote (186)4/26/1998 7:43:00 AM
From: John Mansfield  Read Replies (1) | Respond to of 888
 
Buying physical gold vs. buying gold mining stocks

Interesting opinion.

Message 4153461



To: John Mansfield who wrote (186)4/26/1998 3:04:00 PM
From: Dusty  Read Replies (1) | Respond to of 888
 
John, pardon my ignorance but I thought the purpose was to AVOID a fall of such magnitude?

Well if the whole damn thing goes up in a vapor the only thing that will count is the grub under the bed and the water in the well. City water might not be fit to drink. If you don't have a well I suggest you make close friends with some one who does.

Dusty :o)



To: John Mansfield who wrote (186)4/27/1998 11:07:00 AM
From: Bill Ounce  Read Replies (1) | Respond to of 888
 
re: new circuit breakers

Circuit breakers can be viewed as just artificial controls in a what should be a free market. But, investors can act like paniced lemmings at times, so 10, 20, and 30 percent circuit breakers halt trading for a while so people can stop and think about what they are going to do. For example, "is the market still over-valued, or has today's correction presented some great discount opportunities?"

The new circuit breaker triggers make alot more sense than the old ones. A 30 percent correction is really no big deal for a market that has been on a tremendous bull run, unless you are totally invested in call options :-)

Long-term, it's a good thing to let an over-valued market correct than to prop it up with anti-free market circuit breakers. If Y2K has a crash in store for the market, let it happen. It's all part of the natural business cycles that so many new-era analysts are calling obsolete....