Y2K and Stock Market Crash of the Millennium: What Is Your Prediction?

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Hello, gang!

The stock markets have not collapsed globally as so many had predicted. I am VERY relieved that there have been no horrible plummets or rancid bank runs. These nonevents have helped me to continue my preps for family, friends and neighbors. Amen.

And yet you do realize that the current stock market mania is going on a rocket ship to Mars. Those who predicted a crash this year had not anticipated the sudden injection of mass liquidity, courtesy of Alan Greenspan, Clinton's Currency Clown.

Afraid of Y2K's ramifications? What to do? What to do? AHAH! Create MORE money. Yes!!!!! Let's float this problem over the CDC!

And so the banks leveraged the new wealth and made available tempting loans. Where did these go? Into the stock market. And thus Wall Street has become the greatest ever gluttonous monster for greed.

Of all the stock market analysts I have read, Dr. Ravi Batra, who wrote THE CRASH OF THE MILLENNIUM, is the closest in his assessment of what will soon come to pass. He wrote that if the crash didn't occur by late 1999, then it would certainly happen within the first two months of 2000, and he stated this BEFORE the NASDAQ went on its launch to Mars. Batra is a smart man, and he has plainly stated that WHEN THE CRASH OCCURS, IT WILL DESTROY MONEY. Fiat paper will become hyperinflated and eventually worthless except for fire starter and toilet paper.

Nick Guarino, originator of the Wall Street Underground newsletter, has predicted that by mid-January, the Fed will be calling for these new money loans to be paid back with interest. And that's when the selling must happen on Wall Street. The current incredible increase of fiat money is NOT permanent. These are loans and MUST be retracted with interest.

Now these are men's opinions. Is there something lacking? Yes.

If any of you have any shred of spiritual perception, then you realize that God will severely judge America next year. When the UNEXPECTED SURPRISE happens, whatever it is, all Haydes will break loose, and every common investor will panic and sell stocks. This is when even the most stupid DGI will awaken and head for the exit.

When will this be? I don't know. That's why I've posted this simple message.

When do YOU predict Y2K will trigger the inevitable Crash of the Millennium?

-- dinosaur (dinosaur@williams-net.com), December 30, 1999


Agree with infomagic's assessment that this is worse, not better. Would have preferred to have some of it behind us.

-- Hokie (va@va.com), December 30, 1999.


Sorry about the caps! I am just SO relieved!

I think the stock market will start going down sometime after the middle of January. If we do not see any type of effects immediately, the stock market will go to the moon on the 3rd. Only when the complete ramifications are known will the market begin to react, IMHO.

-- luann (flataufm@hutchtel.net), December 30, 1999.

I thought it would crash in August. But it will crash, just don't know when.

-- Mara (MaraWayne@aol.com), December 30, 1999.

The market has defied all predictions so far. How on earth are we supposed to guess now? Maybe Y2K will slam everything HARD and the market will still go UP!!! It defies logic but there it is.

-- Forrest Covington (theforrest@mindspring.com), December 30, 1999.

I had thought it would have happened in 1983 when I left commercial banking. Ravi Batra also thought it would happen in 1990. I don't want to pop anyone's balloon, but no one knows when it will happen (maybe in our grandchildren's lifetime). I would have never believed that the economy could be nursed along the way it has. The best advice is to be prudent and prepare as you can --- no one knows the time.

... tim

-- tim daniels (timdaniels@commonsense.com), December 30, 1999.

I think the market will crash right after the first event that shakes consumer confidence over an "unknown" threshold of action. Where that threshold is is anyone's guess. But when the "rocket's red glare and the bombs bursting in air..." I think they they may finally get the idea and stampede.

Could be New Years Eve when a terrorist attack gets their attention... or when a section of the country blacks out.

It will be interesting to see just where that threshold is... but I have bet everything I own and changed my life based on that scenario and I still hold to that prediction.


-- Keith Nealy (keithn@aloha.net), December 30, 1999.

If we have severe problems during the rollover, then next week could be the beginning of the end. If there are no major catastrophes, then it'll take until the systems started folding due to corruption (maybe late January). Right now, it's anyone's guess...

-- Nabi (nabi7@yahoo.com), December 30, 1999.

A market crash is an absolute even w/o Y2K.

-- Ed (ed@lizzardranch.com), December 30, 1999.

I enjoy reading both Ravi Batra and Nick Guarino. But they are both lousy in predicting things. I have copies of two of Batra's books: "The Great Depression of 1990" and "Surviving the Great Depression of 1990". So far he's been wrong by about 10+ years on that prediction.

I have subscribed to Guarino's newsletter, Wall Street Underground, for five years. He has been predicting a huge stock market crash for that entire period! I know because I followed his advice and got out of the market in early 1995 - right before the beginning of this current huge bull market. Every time the market pulls back, he says it is the beginning of the crash. His writing is entertaining and informative, but take his predictions and advice with a grain of salt (of course, if you predict something long enough, you are liable to be correct eventually).

-- Bruce (Bruce.dague@excite.com), December 30, 1999.

Does anyone know what is the average brokerage fee on sell transactions? Is it usually a flat percentage or what?

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

The average brokerage fee on sell transactions is probably the same as the average brokerage fee on buy transactions.

The lowest fees probably are the online, deep-discount brokerage houses. I believe these firms have a flat fee ($5 to $10) for most transactions, but a fee based on number of shares sold for very large transactions.

-- Charles Moorehead (cmooreh890@aol.com), December 30, 1999.

Thanks Charles,

How much would the fee be if one was to sell $100 million in stocks?

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


I have no idea. Maybe you could contact an online brokerage firm and ask them. Assuming the link below works, you can go to my personal web site which has links to some of these firms on the home page.


-- Charles Moorehead (cmooreh890@aol.com), December 30, 1999.

I predict that the crash of the millenium will not occur in this millenium.

-- Lars (lars@indy.net), December 31, 1999.

The crash will come very soon now. I know this because, out of the blue, I've heard Haydn's Symphony #82 in C Major, nicknamed 'The Bear', twice this past week and I haven't heard this work in years.

I'll take the opinion of an accomplished, dead German composer over CNN any day! :o)

-- Nathan (nospam@all.com), December 31, 1999.

Haydn was not German.

-- dinosaur (dinosaur@williams-net.com), December 31, 1999.

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