Maybe the dow took off like that last week not because investors (gamblers) were not worried but because they were worried. If one believes there is a good chance there will be no tomorrow one is apt to engage in some very risky behavior. Sort of throw caution to the wind, no piper to pay, live (gamble) like there is no tomorrow because maybe there isn't. Perhaps, on monday, when the gamblers know they have to pay the piper after all they will react in the oposite manner. Sell Sell Sell! My money says the market will be selling off. lenny

-- lenny (Chmielecki@worldnet.att.net), January 01, 2000

Answers

Ok Lenny, I'll bet you $1 the market will be buying. $1 is the limit I'm willing to bet though, which is why I've never been in the market and never will be.

Still, I'm pretty confident I'll be $1 richer if we bet.

-- Gus (y2kk@usa.net), January 01, 2000.

Buy Buy Buy!

-- dinosaur (dinosaur@williams-net.com), January 01, 2000.

I believe that a lot of people were holding off on pouring more into the market until after Y2K. Now that Y2K has passed, I think that their going to start dumping their cash into the market.

I sense I buying frenzy coming on!

-- Holly Douglas (hollydouglas@hotmail.com), January 01, 2000.

I dunno,

The type of investor who would withhold funds from the market because of uncertainty is also likely not the type of investor to buy in at these stretched valuations.

'Course, your average speculator could give a rip.

-- Nathan (nospam@all.com), January 01, 2000.

The people who know enough about Y2K to be worried about it know that it has not been resolved. Also, the Y2K rollover had already passed in Australia and NZ and some other countries before the market closed Friday.

I have no idea what the market will do Monday. Some may see the the lack of reported Y2K problems as a reason for the Fed to raise interest rates, thus causing the market to fall. Who knows.

-- Dave (dannco@hotmail.com), January 01, 2000.