Looky here all,

It is 10:02am EDT. the market tanked yesterday and there aint no good news anywhere, we all know it--they all know it--!!

Instead of a straight drop this morning on the Dow, which one would suspect would be the obvious impact due to all the bad news. There seems to be this see-saw taking place in the first 30minutes. Does anyone else see this as a last gasp effort on the part of the Fed to keep it all from...........................?

-- Dave Butts (dciinc@aol.com), October 13, 1999

Answers

Dave,

I agree with you. However, I do not think that the manipulation is limited to the Fed. I think that they are acting in concert with the Japanese and European. How else to explain the rise in the dollar today. This is the last gasp. When the September trade deficit is reported, Katie bar the door.

-- Mr. Adequate (mr@adequate.com), October 13, 1999.

The last time the market did that - what 3 weeks or so ago, the next day it did the same thing, see sawed back and forth. There were several threads on it and there was speculation that someone was manipulating the market. I'm afaraid the manipulation may be about over and there's nothing Greenspun can do about it.

-- bardou (bardou@baloney.com), October 13, 1999.

Too bad Yahoo doesn't give a somewhat closer look. We'd probably find the PPT's fingerprints all over this. Wonder if they just ran out of the house money yesterday?

That has to be one of the more interesting jobs out there. Yeah, the stress might be a bit tough, but you get to play in the biggest casino in the world, with the house's money. If you run out, there'll be another dump truck along any minute now with more...

Chuck

-- Chuck, a night driver (rienzoo@en.com), October 13, 1999.

Yahoo is going to have to adjust the scale on their "Big 1 Day" chart again REAL soon. If this is going to be a waffle day, the swings are going to be monumental, and it better start to swing soon. 1042 and we're down about 50. The first set of bounces was at about 25 points. we either bounce back fairly soon or things will look REAL interesting about noon.

Chuck

-- Chuck, a night driver (rienzoo@en.com), October 13, 1999.

A day for the history books!!

first those darn e-trade servers go down, then to the phones. does anyone else hear the hoofs!!!

Run for the hills--the herd is on the move.

-- D.B. (dciinc@aol.com), October 13, 1999.

For the spot price of gold:
http://mrci.com/qpnight.htm
http://www.kitco.com/gold. graph.html

For the spot price of silver:
http://www.kitco.com/sil ver.graph.html

For the spot price of platinum:
http://www.kitco.com/p latinum.graph.html

For U.S. Markets and stock quotes:
http://finance.yahoo.com/?u

For Major World Indices:
http://finance.yahoo.com/m2?u

Sincerely,
Stan Faryna

Got 14 days of preps? If not, get started now. Click here.

Click here and check out the TB2000 preparation forum.

-- Stan Faryna (faryna@groupmail.com), October 13, 1999.

8:41 in the west Dow -61

-- (freeman@interx.net), October 13, 1999.

Many investors have different views on the markets (surprise!). Many people continue to add money to mutual funds. Not all that happens is manipulation.

You might visit www.ammgdata.com and click on "equity flows for the week"; it gets updated each Thursday night. The money continually pours in, and the fund managers buy stocks, just like they said they would.

There is also plenty of investment money that does not go through mutual funds.

I expect stock prices to fall, but not by magic. As long as enough money continues to be thrown into the markets, prices can continue to do their fluctuating at high levels.

Jerry

-- Jerry B (skeptic76@erols.com), October 13, 1999.

9:05 in the west Dow -83

-- (freeman@interx.net), October 13, 1999.

Interesting, and a very true observation:

The "brokers-that-be" in the "financial-powers-that-be" only make their immediate money by trading - not by long-range investing. (Of course, in the far future, they make more money by successfully trading today for something that will rise in vlaue (and thus can be sold for more client money (and more fees for the broker) but the far future only gives the broker a reputation, not fees.))

Thus, the "brokers that be" make money with today's transactions - and the money is coming in automatically from 401K's, retirement accounts, insurance company money, and other "constant" sources of new money into the market.

Thus, average stock prices will continously rise as more and more "new money" chases a relatively constant number of shares of "old stocks" in existing companies. Individual prices will vary greatly as "the brokers-that-be" and some day traders and many automated accounts constantly trade the same "stocks" back and forth as each new rumor hits the cycle.

In the long run (6-8 months; perhaps a bit less) , regardless of y2k's immediate effect, and regardless of the transition effects of y2k-induced problems in investors confidence and in overall market averages, eventually all of this will get sorted out and stock market prices will continue to rise until the "baby-boomer" bust occurs as retirement money and life insurance money is pulled out to pay for - guess what - retirement!

Expect this pullout to occur in the late 2008-2010-2012 timeframe.

-- Robert A. Cook, PE (Marietta, GA) (cook.r@csaatl.com), October 13, 1999.

Some guy named Jubak's guess, with little regard for Y2K

-- lisa (lisa@work.now), October 13, 1999.