To: DellFan who wrote (129824 ) 5/30/1999 5:27:00 PM From: freeus Respond to of 176387
Hi Christopher, I consider myself the "average investor" I know more than some, less than some. I am emotional but often are able to ignore that and do what I think will make me money anyway. ETc Etc Etc. I dont think the Yr 2000 transition is goint to be a big deal. That is, I think, from the seminars on it I've gone to, that the financial institutions are ready (Indeed, Fidelity has been ready for two years! Or so they say). I think most utilities are ready and I think people probably have what they need for a few days awkwardness anyway. But the stock market has become one rollar coaster after another. People seem to be reacting badly to anything that comes along. And the media hypes bad news in an exaggerated manner. So I do think they will hype the year 2000 problems, and when there are some, as there will be, they will play that up. (E.G. when I lived in Lake Tahoe my first winter there was a big storm. I got phone calls from relatives all over the country asking if I was ok!!!!) We had no electricity for a week but that's no big deal in Tahoe, everyone has wood burning fireplaces and some way to cook at least soup without electricity. But the media made it seem like the whole area was being buried alive.. So.... I think investors will, as they do now, react badly to this kind of news plus we usually seem to have a lousy October anyway so I'm expecting trouble. I wont be in cash....but I will get out of margin. I hope to finally buy stuff with margin when it is cheap...so far have not been able to do that. Will I pick the right stuff to buy????? Dont know...stay tuned! Freeus :o) Back in Southern Cal, nice place, but for me, doesnt compare with the mountains of Utah.