Dow is slipping - maybe breaks 10000?

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Down about 15 pts in the last 5 minutes....

-- --- (--@--.com), October 14, 1999

Answers

My sh!t is weak.

-- crashing (like@1929.???), October 14, 1999.

The Powers That Be will do or say anything to preserve the status quo and their agenda. ANYTHING.

They can't let a full-blown crash happen because then the sheeple would wake from their prosperity-induced stupor and start caring about all the corruption, scandals, socialist shenanigans, etc.

But, for now, as long as "the trains run on time"...

JJ

-- Jeremiah Jetson (laterthan@uthink.y2k), October 14, 1999.


We really need to see it below 10,000 and actually stay their or go lower before I would pay much attention to the current DOW.

Seems like it will go down a good plunge and then pop back up. Very frustrating when looking for trends. Someone is always waiting to bottom fish and the sheep follow and bring it back up.

Important to note that we are near the so called "10% correction" so the greed factor might make it pop up again regardless of news or overall sentiment.

-- hamster (hamster@mycage.com), October 14, 1999.


- @ 28 8/a

-- not so bad yet (zzzzz@zzzzz.zzzzzzzz), October 14, 1999.

- @ 80 11:45 ET

-- hhhmmmm (lookkit@it.slide), October 14, 1999.


the dow must go down, so the rates go up, so the rich get rich, welcolme to america

-- R. Wright (blaklodg@hotmail.com), October 14, 1999.

I think Greenspan should have raised rates and gotten this mess over with. It looks to me that the bond market is telling him he's behind the curve. Equities are not going to rally with Greenspan hovering ominously in the wings. I heard on CNBC this morning that 59% of S&P stocks (maybe it was NYSE stocks?) are under water for the year and that the NYSE A/D line is at a 3 year low. I do think Y2K has something to do with this, although interest rates are probably the proximate culprit.

-- RWaldock (RWaldock@dpntmail.com), October 14, 1999.

Welllll - you try to spend nearly 800 billion (worldwide) and have to charge it off as "expenses" in only one fiscal year - two/three at best - and try to make the previously high earnings ratios ......

Can't be done. Y2K or not - as far as future outcomes are concerned, as far as future possible earning drops, recession, depression, and supply/vender problems are likely - has already had an impact.

Also, remember that 75% of large companies have ALREADY claimed they have had (internal) y2k impacts from computer failure. Again, inefficiencies and lost money. Lose money (not earn money) in place, got to either replace it from something else that did earn money (lost profits) or miss the sales (and profits) in the affected lien.

-- Robert A. Cook, PE (Marietta, GA) (cook.r@csaatl.com), October 14, 1999.


Dow up over 54 points at 1:07PM EST.

-- STFrancis (STFrancis@heaven.com), October 14, 1999.

"Dow is slipping - maybe breaks 10000?"

No.

-- Buster Collins (BustrCollins@aol.com), October 14, 1999.



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