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

To: ScrapCollector who wrote (1391)	4/27/1999 4:52:00 PM
From: charger	Respond to of 3543

Most of my seasoned trader buddies are saying June as well, and they are bearish. That leads me to believe it will happen sooner since everyone is looking for the same thing. The market's job is to befuddle and confuse the most people possible...indices have been consolidating at these levels for four days now. Accumulation or distribution?

To: ScrapCollector who wrote (1391)	4/27/1999 5:32:00 PM
From: Dan Woodbury	Read Replies (2) \| Respond to of 3543

This is my first guess. When? August 16, 1999 Why? On Monday, August 16, the Nasdaq and DOW will crash 15% on fears of slowing growth, rising interest rates and brokerages clearing out August call options (the usual suspects). The market will continue to drop another 5% on Tuesday and 5% on Wednesday. As investors scramble to meet margin calls they will start selling internet shares. The selling in internet shares will climax on Thursday with the major internuts dropping an average of 25%. The market will actually rebound 5% on Friday but the internut index will have fallen over 40% from the previous Friday's close. Since I'm in the predicting mood: the DOW will pass 11,500 in July, fall below 9000 by August, 19 and finish the year at 10,200. Al Gore will name Hillary Clinton as his VP and they will announce a new government effort to deliver health care services over the internet. Average unleaded gas prices in the U.S. will exceed $2 a gallon in July only to fall back in the fall. The yield on the 30 year treasury will exceed 6% before the end of the year. And last of all...I predict that most, if not all, of these prediction will be wrong.