Brokerage firm pollies : LUSENET : TimeBomb 2000 (Y2000) : One Thread

If you haven't seen the interesting article by John Crudele in the NY Post, I would suggest you check it out. I believe the piece was in yesterday's edition. The title is "Bearish Analysts Are Silenced," and can be found at

-- mike (, October 23, 1999



-- Jack (jsprat@eld.~net), October 23, 1999.


Thanks for the link-I wish I knew how to do that.

-- mike (, October 23, 1999.

Excellent post. Anyone who believes his stockbroker needs to wake up. Does the used car salesman tell you that the transmission is about to go out and will cost $1200 to fix? Does anyone believe that the local mayor will reduce taxes and improve services? Will Congress reduce the deficit, lower taxes, and increase Social Security benefits? Of course not. Then why do you believe the broker? The broker has a job which is to sell stocks or convince you to sell something and reinvest in something else as he gets a commission for buying and for selling. If he gets overeager, they call it churning and they can get in trouble. The gobmint is protecting us from ourselves again. The safe way is to give him one more commission by selling your "investments" before they crash.

-- Moe (Moe@3stooges.gom), October 23, 1999.

Great Post

We got into Y2K because of human nature. Individuals of all countries, religions, races, genders, etc. separately made the same short-term decision to conserve memory. Now we see human nature at work as the problem is addressed and as the dangers of the overvalued stock market are faced.

We are toast.

-- Dana (, October 23, 1999.

I wonder how Yardeni (SP?) is surviving??

-- Avalon (, October 24, 1999.

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