Hey!

How about all the good economic news lately!!! Isn't it great!!! Check out the on-line economic news! It's fantastic! Most indicators up sharply...and broadly. Looking good!

Hey, I don't follow the stock market. But I know a lot of you here do. What about your predictions now for a crash? Is it just "TPTB" "manipulating? No way!! They do not have that much money! Good economic news is popping up all over! When are all you doom angloom types going to get on board?????? Hurray!!!! I say let the good times roll!!!!

Are you going to sell your preps and get in on this boom or what!! WOW!!! AOL just split for the seventh time in seven years!!! AND AOL ALSO WENT UP TODAY TO BOOT!!!! How about that internet sector!!!

I sure hope this continues, how about you?

-- Genius (codeslinger@work.now), October 29, 1999

Answers

Predicting stock market movements is difficult and perilous.

In other words, best advise from the pros (mutual fund managers and others) right now is:

Don't put all of your eggs in one basket.

-- snooze button (alarmclock_2000@yahoo.com), October 29, 1999.

"Genius" just proved that he isn't one.

-- Ohio Bob (ohiobob@buckeyestate.com), October 29, 1999.

Enjoy it Genius, for about 4-5 percent higner in the S and P. Then after that the deluge begins. For further news, ask my successor.

LouisXV

-- Louis (LouisXV@stock.market), October 29, 1999.

And there is no inflation.

Of course my telephone bill for basic services just went from $29 to $49 per month. My water company is going to put through a huge increase. The power company just received a rate increase. Gasoline is about 30% higher this year. My Dad just received his house insurance bill. His social security increase will just cover it. He also received is pension cola. He will have an additional $7 after they pay for the increase in his health insurance. Check out food prices. They are definately higher. But don't worry about it the government always tells the truth and there are no inflationary worries.

-- Debbie (debra_r@hotmail.com), October 29, 1999.

I guess genius just looks at everthing as if it all normal.

IBM

Hewlett Packard

Dow Switching on Monday

2oopt swings each and every day

Lockheed

I won't go on----(applause) but the single greatest indicator is my Stock broker calling me and saying:

WWF is going public--this is big--buy for the long term!!

WWF????? LOL LOL LOLlol-rothf-lol--get back up-lol-lol

-- D.b. (dciinc@aol.com), October 29, 1999.

Coworker's wife works for SunCom. They went public yesterday and offered employees an early in. The guy turned 40K into 80K overnight when the stock went from 18 to 37. I said are you gonna cash out? He says "No cause we hear AT&T is going to buy in and the price is going to 50."

This insanity will end soon. Trust me on this one.

-- a (a@a.a), October 29, 1999.

A question for those more knowledgeable than I: Does AOL pay dividends or is the only way you can make money is to sell your stock at a higher price? I have read that this is true of Microsoft. How many other internet stocks yield nothing on your investment unless you sell?

-- Nadine Zint (nadine@hillsboro.net), October 29, 1999.

Db

First, I ain't no WWF fan at all. My son and his buddies are into it bigtime so I have watched it reluctantly.

Did you realize that between WWF and WCW there are more hours of professional wrestling on per week than any other 'sport' in the history of television. Lotsa viewers, lotsa advertisers. Might not be a bad venture to make a quick buck.

I did not realize they were going public. Interesting.

Deano

-- Deano (deano@luvthebeach.com), October 29, 1999.

hey genius,

Check out the last 30 minutes!! nothing funny here.

It's kind of like the big party before the death sentence!

-- D.B. (dciinc@aol.com), October 29, 1999.

Last 30 minutes looked okay to me. Dow ended up 108. Nasdaq was up 91.

-- (duh@duh.duh), October 29, 1999.

The broad market is at a loss for the year. Advances and declines are out of balance. The market is sick, the prognosis is not good.

But hey, I will hold my 100 AOL till the symptoms become outwardly apparent.

Anyone who turns 40,000 into 80,000 overnight is doing pretty well, but a bird in hand is worth two in the bush. Not wise to hold out with a profit like that. I agree it has to end but wouldnt mind doing that a time or two before it does end.

-- the Virginian (1@1.com), October 29, 1999.

Hey Genius...what caught my eye today was the report that NEW HOME SALES were DOWN BY OVER 12%.

That means three months from now, unemployment will RISE SHARPLY and the ECONOMY will TUMBLE SHARPLY.

Oh yeah, almost forgot...there's also this problem with computer chips and computer software programs. Seems someone forgot to teach them that 2000 comes after 1999, and now we have to fix a zillion of these chips and software programs worldwide before December 31, 1999 else these chips and programs will be acting like it's Jan. 1, 1900 instead of Jan. 1, 2000.

Just thought I'd let you know. Your post sounded like you were unaware.

-- GoldReal (GoldReal@aol.com), October 30, 1999.

Most of the big corporations have been doing a pretty good job of delaying those Y2K costs by using some pretty slick accounting methods. They might even be able to fool investors until the end of the year, after the chief execs collect their sweet bonuses.

But next year when Y2K disruptions start, all of a sudden the waiter is gonna bring the check to the table, and investors are going to hurl up all the crap they have been swallowing over the last year or so.

Then of course the chief executives will say they have "let the company down" with their poor earnings performance, so they feel the best thing for them to do is retire, leaving the crippled company for some poor shmuck to try to salvage something out of the debris. While the CEO rides his Learjet to his new oceanfront Villa in Costa Rica, the remaining shareholders will be forced to file for a Chapter 11 bankruptcy.

By the end of first quarter 2000, if the stock market has not already crashed, it is going to start shaking real bad when those Y2K bills hit the bottom line of the balance sheet.

(*V*)

-- Hawk (flyin@high.again), October 30, 1999.

Genius,

Think of it this way - what you gain in the stockmarket is "imaginary" money until it's in your mitts. Also think of what actions you're endorsing: good news for the stockmarket is layoffs and paycuts - sure it'll give you a few more bucks, but what about the people that were laid off, how do they feel, could it affect their children? The stockmarket endorses the attitude of "disposable people" - would you like to be thought of like that?

Also consider how much market manipulation has been going on lately. See how volitile the stock has been? In 70+ years of the stock market, it had only gone up 2700 points (1987). In the next 12 years, it's gone up 9000 points more! That kind of growth is not sustainable and is not healthy for our society. Too much $$$ too fast encourages greed, mailaise and lack of personal responsibility - definitely nothing good for us long-term.

If you aren't a coward, then respond to this intelligently. If not, then we know you for what you are: a power-hungry coward, unable to use logic and can only fight when hiding behind anonymity. Definitely not a man by any means.

-- Deb (vmcclell@columbus.rr.com), October 30, 1999.

>> How about all the good economic news lately!!! Isn't it great!!! Check out the on-line economic news! It's fantastic! Most indicators up sharply...and broadly. Looking good! <<

Instead of yammering like this, why not CITE some of these rising indicators, or QUOTE some of this great economic news? Or is this great news all confined to rising stock prices?

Here. Let me show you how it is done. New home sales are down by 12%, attributed to rising interest rates, according to this morning's newspaper. See how easy it is to cite a fact? Try it sometime!

-- Brian McLaughlin (brianm@ims.com), October 30, 1999.

Nicely said Deb, you got a good eye.

Another sign of the volatlility was the all-time record one-week loss of over 600 points only two short weeks ago. This market is about as stable as green Jello in a blender.

We're getting some foreshocks Genius, and noticeable foreshocks are characteristic of the very biggest quakes.

She's a shimmyin 'n shakin, all the way to the foundation!

(*V*)

-- Hawk (flyin@high.again), October 30, 1999.

I was suprised when the market didn't tank in October...here we are..November. I suppose it is a delay, a Y2K delay. No one can be sure if it will take a bath. The P/E ratios of today are nothing like they were years ago....about 70 years ago, in 1929. And so much broo-haha about how the fundamentals have changed. What has changed is the money flowing in. Many more people, including quick trading, has caused the market to explode. How far up can it go? who knows. But a market rise to 25,000 is possible, and a crash to 2500 is possible as well. I think the greed will keep it afloat, but can assume that if Y2K is serious event, then a crash is one of the fewer things to worry about. If however, come January things are "normal" and only a few glitches here and there, and supposing there were no panic because everyone employed a wait and see attitude, then the market will explode into a feeding frenzy, until better heads prevail. but again...who knows. as I stated, I would have thought last Friday the market would have tanked...it didn't, and who knows.....

-- rickoshade (rickstershade@aol.com), October 31, 1999.