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.

Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Amelia Carhartt who wrote (4221)	5/21/1999 2:29:00 PM
From: clochard	Read Replies (1) \| Respond to of 5676

With everyone owning overpriced stocks and feeling rich, a dangerous feedback loop has been installed which will cause the economy to self-destruct. People are spending like mad because they feel like a million bucks, going further into debt. The doubts will start to creep in because of Y2K, rising inflation and interest rates, rising debt, and stagnating stock prices. Spending will stop, sending corporate earnings down. Selling to pay debts and then to escape the crash will start, causing the market to drop like a rock. The year 2000 is a psycological target date, staving off the decline but setting it in stone.