Ok, I was under the assumption that certain people on this forum were expecting a crash. Even this week. What happened? Don't get me wrong, I'm not flaming, just trying to get an idea of whats going on with the stock market. I mean, look at it, its going through the roof!! Are we all in agreement that the market is still going to crash this year? January? February?

Maybe, I don't see the signs of a crash so can you point me in the right direction and explain whats goin on? ********************************************************************** NEW YORK (AP) _ The red-hot rally in technology and Internet stocks boosted the Nasdaq composite index above 4,000 for the first time today, less than two months after it first crossed 3,000. The early gains also lifted the Dow Jones industrial average back into record territory.

The Nasdaq composite, which on Wednesday set a closing record for the fifth straight session and 57th time in 1999, was up 64.33 at 4001.63 shortly after noon.

The technology-dominated index, driven higher by enthusiasm about the Internet's role in the economy, has now gained more than 80 percent for the year. It was only on Nov. 3 that the Nasdaq closed above 3,000 for the first time.

The Dow hasn't set a new high since Aug. 25, when it closed at a record 11,326.04. Still, the barometer of 30 major companies is up more than 23 percent for the year, cruising toward a fifth straight year of double-digit gains.

It was up 200.93 at 11,404.53 in early afternoon trading.

This morning's buying followed the release of more data suggesting that the economy continues to grow at a moderate pace that may not spark inflation.

http://abcnews.go.com/wire/US/ap19991223_1075.html

-- Familyman (prepare@home.com), December 23, 1999

Answers

Tulips anyone???

snoozin'...

The Dog

-- The Dog (dogdesert@hotmail.com), December 23, 1999.

Volume .... It's all about volume.

Most of the trading today is at a relatively light volume, thus small pertubations in price really have a maginified affect on the market. Also I would be that most of the trades are programmed trades.

8,)

-- MMireles (MMireles2@hotmail.com), December 23, 1999.

Familyman...

I know what you mean. One of my best friends has made over 150,000 in less than a year just on yahoo stock! He bought it for 14,000.

I'm depressed. I'm sure glad he didn't take my advice and get out early this year....sheesh!

-- LindaO (maybeImnuts@hotmail.com), December 23, 1999.

MMireles: Are you seeing a stock market crash in the next couple of days? If not, how about in the VERY near future and why?

Lind0: I know what you mean. My wife is making a killing. She invested in Symatech and VALiddux (sp) and she insists that the market is good. I hope so. This is one area that I am not familiar with and she is playing around with,at least, 100K. Thats why I am asking people here on the forum for some insight.

-- Familyman (pepare@home.com), December 23, 1999.

Fed's Y2K liquidity measures keep markets calm

Y2K Paranoia or Greenspan's Irrational Exuberance?

Fed pours on the liquidity for New Year

-- (M@rket.trends), December 23, 1999.

Couple random thoughts:

The (un)amazing thing to realize is that only today's traded shares of any stock can be sold at such a high price -- if the entire company had to be bought/sold it would be way less. Microsoft at $600 billion? Who could ever pay that? Bill G must know that his $100 billion or so on paper is maybe 20-30 BD if he ever wanted to cash in.

IRS will be main beneficiary if any of these NASDAQ winners try to cash in. They'll all be wanting to hold for a year to get the lower capital gains rate, and most of their buys came late this year. Dilemma. Sell in early 2000 and get out before the herd? Or hold on till December 2000 and hope it hasn't lost 50% to save the 20% on taxes.

-- jor-el (jor-el@krypton.uni), December 23, 1999.

Free advice from non-experts is worthless.

Up 133% for the year =$141,562.00. Cashed out already.Sitting flat and happy. Only regrets, didn't start with more.Momma was conservative.Oh well,This will keep me in beernuts for awhile. best of luck in the rollover!!!

-- market player (Happy@thevally.net), December 23, 1999.

IRRATIONAL EXUBERANCE - 2 years worth of gain in 2 months?? No rational explanation.



Crash Alert!!!

-- Hawk (flyin@high.again), December 23, 1999.

It's "The stupid economy" (Welcome)

-- Reporter (reporter_atlarge@hotmail.com), December 23, 1999.

Remember folks... No one makes ANY money until they take it out.

-- franko (franko@home.com), December 23, 1999.

It's really pretty simple....if we didn't end the year on a bang with the

"The red-hot rally in technology and Internet stocks "

to talk about over Christmas dinner, what might we speak of instead?

What goes up must come....

-- Gordon (g_gecko_69@hotmail.com), December 23, 1999.

Gotta fatten up the sheep before the slaughter. :-(

-- cgbg jr (cgbgjr@webtv.net), December 23, 1999.

What goes up must come down, it's a natural process. Participation in the upswing seduces you and makes you feel high, sort of like a drug. The higher you go, the worse the fall when it happens. Keep prepping and concentrate on self reliance, the more the better you will be able to deal with the inevitable destructuralization of our society. Good Luck.

MiddleGround

-- MG (be@wise.com), December 23, 1999.

There is more than one answer to what is happening in the markets. It is indeed a bubble that is ready to burst, even without Y2K looming. An increase in Fed liquidity has spurred investment. Day trading and online trading by those not knowing anything about investing is also spurring the market. The absence of sufficient float of stock issue increases the prices beyond the actual value of the stock. Interesting statistic - there is more than $2 invested in the stock market than has been earned this year. Much of the stock is bought on margin, so eventually there will be a lot of bad loans out there, and someone will have to pay the piper. The majority of analysts are now bullish - always a sign of an imminent correction, when you have a guy like Ralph Acampora saying that next year should see another double digit gain in the market - 20-25%. Is this reality, or just plain stupidity? Oh, yes. The Spin doctors have convinced everyone that we have nothing to worry about with why2K? What me worry. I think I'll borrow 100,000 and buy some Red hat. Since they are going to report more losses for a while that must mean the stock will go up. Warren Buffet should buy some too. And Bill Gates, so he can diversify his holdings more.

-- Pete keber (pkeber@island.net), December 23, 1999.

The crash is coming next week when many traders will not want to hold open positions over the New Year's weekend. It will only take a few to trigger a stampede with the recent loosening of margin requirements. This is also conveniently within the two-week timeframe from the first recent signal from the Pitbull Crash Index which was at -10 on Monday and Tuesday. M-Th -10,-10,-8,-6

http://www.wwfn.com/crashu pdate.html

-- Slobby Don (slobbydon@hotmail.com), December 23, 1999.

We know the problems with embeddeds, of new installations without the patches, of careless windowing. We know the problems ahead.

Those in the Market are not thinking beyond tomorroow. What happens to Walmart's shelves when the Asian vendors can't produce or the ships can't deliver? What happens to our maanufacturing when the small businesses here or abroad can't deliver for their JIT? Who will stick with compamnies that can't show a profit?

The Market's headed for a 40%-60% correction. We're just days away from the start.

-- John Littmann (JTL9700@JUNO.COM), December 24, 1999.

"I'm always on a mountain when I fall"--Merle Haggard.

-- cody (cody@y2ksurvive.com), December 24, 1999.