Zapman of CBS Market Watch predicts the Dow to fall as low as 7500. I wonder if they'll invite him on MSNBC? Y2K was never mentioned; only that the stocks are grossly overvalued.

-- DGBennett (bennett1@peachnet.net), October 16, 1999

Answers

I cant qualify it, but 7800 is a very comfortable DOW target to me for the week of 1/3/2000.

-- hamster (hamster@mycage.com), October 16, 1999.

According to my limited understanding, the Wall Street Insiders will put an immediate halt on the market before the massive sell off on Monday can reach 10%.

This Saturday at work I told the IS manager that the market would hit 9000 at the end of Monday. But my predicted calculation was in error.

Even though the market is ready to tank big time, the WSI will do whatever they can to prop it up.

But if the foreign nations, namely Japan, decide to sell, then all bets are off!

-- Randolph (dinosaur@williams-net.com), October 16, 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 16, 1999.

The only certainty is that the DOW will open to the downside on Monday, even if Asia and Europe desperatly tries to reverse it prior to the NY open. However opens are just that, any glimmer of hope will turn the markets upward for at least a short term.

Too much bad karma seems to be eminating from the know-it-alls and the words carved in stone say that Monday MUST show more of a sell off to tell us the "correction" is over and done with.

Expect monday's open to drop below 10,000 but no one can tell you if it will pop back up or stay lower after 10am eastern.

Does anyone see a shining point of light out there?. I dont see one. I dont see impending TEOTWAWKI but I dont see a reason to buy and hold either. Its either stay on the sidelines, sell or do the flight-to-quality right now.

-- hamster (hamster@mycage.com), October 16, 1999.

For an idea of what MAY be in store for Monday, just scroll down about 20 posts from this one on the forums list to "GOLDBUGS"

If GATA really does make that announcement early SUNDAY, we can start thinking up names for Monday's Wall Street action.

Meltdown Monday? Too obvious.

Magic Mushroom Monday?

Missing Money Monday?

Remember, this is all on top of the fact that the 18th is 55 days from the DJIA all-time print(intra-day) high. Tuesday is 55 days from the DJIA CLOSING high. "You gotta ask yourself one question.... do I feel lucky?"--DIRTY HARRY

-- profit_of_doom (doom@helltopay.ca), October 16, 1999.

Hamster has a good point about Monday- it just seems too pat and too many people are calling for a crash.

While we're quoting "Dirty" Harry Callahan, how about this one: "a man's got to know his limits."

-- mike (maples@voy.net), October 16, 1999.

The stock market still has 9% to fall before it would be even for the year. This in a year where the price of oil has more then doubled, interests rates are rising and inflation is increasing. Even sans Y2K 8000 doesn't look to out there for year end.

-- PD (PaulDMaher@worldnet.att.com), October 16, 1999.

I'll throw in a wild guess on the DOW for 1/1/00. Between 5000 and 5500.

Ouch

-- the Virginian (1@1.com), October 16, 1999.

The DOW will crash below 8000 sometime this week. The consumer price index and trade deficit will definitely be terrible. The CPI comes out on Tuesday, and the trade figures on Wednesday. My guess is that Tuesday will be the worst day. It is 12 years to the day after the biggest one-day drop in history (22%).

-- Mr. Adequate (mr@adequate.com), October 17, 1999.

More on stocks and their over-valuation:

http://infoseek.go.com/? win=_search&sv=M6&lk=noframes&nh=10&ud9=IE5&qt=CBS+Market+Watch&oq=&ur l=http%3A//cyberrodeo.com/range/range18h.htm&ti=Riding+the+Range+- +Stock+Market+-+CBS+Market+Watch&top=

-- Deb (v.mcclell@columbus.rr.com), October 17, 1999.

Even the officials (ok - just one official so far) are predicting that a Recession is in the works:

http://infoseek.go.com/? win=_search&sv=M6&lk=noframes&nh=10&ud9=IE5&qt=CBS+Market+Watch&oq=&ur l=http%3A//cyberrodeo.com/range/range18h.htm&ti=Riding+the+Range+- +Stock+Market+-+CBS+Market+Watch&top=

-- Deb (v.mcclell@columbus.rr.com), October 17, 1999.

mike, actually the real callahan quote is "your a good man cmmisioner, and a good man knows his limatations"

-- ed (edrider007@aol.com), October 17, 1999.

mike, actually the real callahan quote is "your a good man commisioner, and a good man knows his limatations"

-- ed (edrider007@aol.com), October 17, 1999.

mike, actually the real callahan quote is "your a good man commisioner, and a good man knows his limitations"

-- ed (edrider007@aol.com), October 17, 1999.

Ed, actually the real Callahan quote is "you're a good man commissioner, and a good man knows his limitations"

;-)

-- (RUOK@yesiam.com), October 17, 1999.