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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (1236)	4/8/1999 12:40:00 AM
From: bobby beara	Respond to of 3543

just call me the Russian Bear, gotta have a peak war, just like the 60's. i keep hearing this talk about no inflation from these parrot heads, i'm paying 50% more for my gas over the last couple of months. buncha herdiacs.

To: Sir Auric Goldfinger who wrote (1236)	4/8/1999 4:24:00 AM
From: memflyken2	Respond to of 3543

Mr. Goldfinger: Is a "newby" (to this thread) allowed a guess? If so, here goes: We are not far from the top, IMO. A few starts and stops in the next week or so, but the absolute Rocky Top (as we Tennesseans like to say) will come on Wednesday, April 28th... The cause of the forthcoming drop will be this: SEC announcing that it is "investigating" the validity of the financial numbers provided in one of the major internut's (YHOO is my pick as the one; do I get an extra $2500 if it's actually them?), particularly in categories like amoritization of intangibles, and one-time charges made and not made. This modest news will IMO call into question the whole question of what #s are real for the internuts, and almost immediately undermine all confidence in the sector. The WSJ will jump into the fray (as they should have long ago, the bozos) with an in-depth series on "Internet financial reporting: Who's Minding the Store?" revealing all kinds of cozy relationships between internut CEO's and Big Eight-type accounting forms, including one case of compensation to PWC (for example) being in the form of 500,000 shares of stock, under the table, sort of, to a PWC regional partner who's an old college buddy of (fill in the blank: Koogle, etc.). The rest of the media will jump into the fray, as internut-bashing replaces Monica-hunting as a national sport. Sixty Minutes hits the ground with a major expose of stock-price manipulation in foreign markets (Frankfrt, Tokyo) far beyond the purvey of the SEC. And when YHOO (e.g.) loses 200 points in four days, the SEC suspends all trading in 138 Internet stocks, at the request of the federal attorney general's office... Meanwhile, the Dow starts tanking, as millions of Americans struggle to move their IRAs and 401ks into CDs, without success. The system seizes up, and we have a very bad time in front of us... Sorry to be glum, but I'm afraid that we're actually in for something like this. Hope I win; the $5K will come in handy in the environment described above.