SI
SI
discoversearch

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 : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Mark Palmberg who wrote (17836)9/11/1998 12:11:00 PM
From: Zen Dollar Round  Read Replies (3) | Respond to of 213177
 
I don't understand why a president's dalliances have anything to do with a stock's price. Great point, Alomex.

In actuality, it shouldn't. But the market is driven by psychological factors as well as technical ones, and if investors become alarmed that the leader of the free world is politically unstable, it causes panic. Panic in the stock market translates to massive selling.

It's the same reason I plan to pull out of the market in the middle of next year. I believe fear of the Y2K bug and general uneasiness about the approaching millennium will cause others to pull out of the market around that time, causing big sell offs. I don't believe there will actually be much problem with the Y2K bug when 2000 rolls around, but fear drives the stock market as much as anything, and can affect it greatly.



To: Mark Palmberg who wrote (17836)9/11/1998 3:27:00 PM
From: gmccon  Read Replies (2) | Respond to of 213177
 
The leader of the free world is facing impeachment. What in heaven's name do you mean by "why"? If this doesn't spell volatility, I simply can't help you... or Alomex.