Pentagon Papers Don't Register with Business Community. Dow Jones Up 136 Points at End of Trading on Friday.

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From: Y2K, ` la Carte by Dancr near Monterey, California

Will we have to wait until Monday to see if anyone takes notice? If this was an intentional leak, was the timing selected with this in mind?

-- Dancr (addy.available@my.webpage.neener.autospammers--regrets.greenspun), August 20, 1999

Answers

They released the report to see just how asleep the public realy is and to see if the "SPIN" doctors are doing their job. How many LOCAL news media's even covered this release? Just a one minute blurb on national news and its history? or is it?

-- y2k dave (xsdaa111@hotmail.com), August 20, 1999.

Hellooooooooooooo...Outtttttt..Therrreeeeeeee.......

Anyone home? In case you haven't noticed, the rest of the world has. Wall street is running blind hard and fast. Eyes shut and ears plugged while the rest of the world has decided we are in a bubble economy. Were you aware that the only thing bigger than our current stock market capitilization of 17 trillion dollars is the GDP of the ENTIRE WORLD weighing in at a measly 25 trillion? While the swap spreads blow out, smart companies weigh in with record debt issuance, major reinsurance firms fold like sheets, Yen goes home faster than a speeding bullet train, physical commodities like oil skyrocket, WALL STREET IS STILL PARTYING.

This type of inane ignorance of market factors can't be ignored forever. There will be a day of reckoning and it will be in the fall sometime. While J. Kosky and company are busy trying to quash Navy reports, the real world, the commercial trading world is quietly lining up it's ducks. Wait til you see what happens when the well is dry for a few months. Yeehaa. I heard the other day that while Daimler Chrysler was increasing it's debt load by 1.75 billion on top of the original 3 billion bringing them to a total of 4.75 billion, a company called Petronas had to signifigantly scale back it's debt issuance. The money is already scared. The leper lists will be used and companies will default and fold. To bad for them. To bad for their countries. And to bad for all the suckers that aren't paying attention right now.....

So, no I don't think the market gives a good goshdarn what the Navy report said. Most of the idiots on Wall Street wouldn't know a computer if they fell on it. The only experience they have is hawking internet stocks which their bonuses depend upon.

-- Gordon (g_gecko_69@hotmail.com), August 20, 1999.


How many doomies have to join the feeding frenzy before the real world notices anything at all?

Maybe that's not the right question. Maybe a little real supporting documentation is required to get the attention of sane people. And for that, I believe we'll wait forever.

-- Flint (flintc@mindspring.com), August 20, 1999.


No, Flint, this game has just a little over four months to go. But pollies often think it will go on "forever".

-- King of Spain (madrid@aol.com), August 20, 1999.

Based on level of neurosis, er, I mean irrational exuberance, the bubble heads of the Street are now experiencing, here is a list of projected increases for the DOW if the following events occur:

India nukes Pakistan                UP 140
China invades Taiwan                UP 200
Martial law declared in LA, NY, DC  UP 380
7.9 Earthquake hits San Fran        UP 430
Northridge nuclear plant melts down UP 510
Russia launches first strike        UP 687


-- a (a@a.a), August 20, 1999.


KOS:

I think you've got the timescale right. It'll be about 4-5 months before the game is obviously over. Whether the doomies will notice the game is over, well, we'd have to wait forever.

'a':

If you believe what you post (which I often doubt), I suggest you start buying, just in case some nice juice bad news drives up the market. Sorry you missed the GPS opportunity, though.

-- Flint (flintc@mindspring.com), August 20, 1999.


a- America returns to gold standard DOWN 6,000

-- Gia (laureltree7@hotmail.com), August 21, 1999.

Any sane economist realizes that Wall Street cannot sail upwards forever.

Economic cycles go up and down.

America has experienced the highest upward economic trend in its history.

What follows next?

MAJOR DOWN TIME.

Prepare while you can.

Help those who are not prepared.

We must all work together.

-- Randolph (dinosaur@williams-net.com), August 22, 1999.


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