What would stock market reaction be to internet down for a week or two?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
How do you think the stock market would react to the internet being down for a week or two? The day traders would be offline (perhaps little loss), but how do you think the market would react to internet tech stocks? Would this be enough to burst the bubble?
-- Mad Monk (email@example.com), December 28, 1999
Like a pin in a balloon...
-- BiGG (firstname.lastname@example.org), December 28, 1999.
not necessarily - just means the big boys who are floating it now would have to commit to dumping a bigger chunk per person. Watch for the 11,600 magic number - or maybe I just dreamed it?
-- April (Alwzapril@home.com), December 28, 1999.
In the new economy, that would mean these .com companies would have less earnings for that quarter. This would be interpreted as a positive event and would be met by at least a hundred point rally on the Ndaq.
In the new economy, no earnings is good, but losses, losses are golden!
Buy more! C'mon all you pollies buy while there's still time, this shit's on sale for god's sake! It's only gonna be up another 80% next year for sure. Step out and buy some at these levels or you'll get left behind for certain!
-- Gordon (email@example.com), December 28, 1999.
Some 20 year old dweeb would invent a better Internet protocol. It's called Free Enterprise.
-- (firstname.lastname@example.org), December 28, 1999.
I'd form a committee.
-- (email@example.com), December 28, 1999.
Better Internet protocol... IPV6 already in the works. Will we ever see it widely deployed? I sort of doubt it. Installed base of IPV4 is so big already that it will take ten years for all the machines running it to be replaced. Protocols are like programming languages, once they are established, they are going to be in use for a long, long time.
But that wasn't the question, If the net goes down, the net based companies loose ground. If it comes back up, they ralley. If it doesn't come back up, the rest of the companies loose ground. If the net goes down, the day traders are back to using the telephone... and before they can get properly ramped up... the day traders loose their asses and those who can trade directly make huge profits which they will move into metals... but hey, I am totally ignorant in this area and just guessing what might happen.
-- (...@.......), December 28, 1999.
Assuming that the day traders have little or no net carryover position for rollover (e.g, they bail before rollover), they wouldn't be in a potentially losing position come January 3...so they wouldn't lose much if the internet didn't come up. BUT, there might be considerable concern about the viability of internet stocks...hence my question.
-- Mad Monk (firstname.lastname@example.org), December 28, 1999.