Today's action has been seen several times in the past six months only to be thrown a life raft by the FED and hence prolong the downward spiral into the abyss....When is it for real? When does the euphoria end and the reality of a overinflated dollar with weak underlying fundamentals shine through....I will not talk to anyone except you all about my feelings towards the markets....I have taken an oath of silence. When my father in law calls and asks what the hell is happening on Wall Street, I will casually reply," I don't know...what do you think????" He always has an answer.

-- el snipor (faraway@distantland.net), January 04, 2000

Answers

When....when there are no more buyers.

-- Johnny (jljtm@bellsouth.com), January 04, 2000.

well said....

somtimes common sense isn't so common :)

-- el snipor (faraway@distandland.net), January 04, 2000.

Ive told you once before, el snipor, your problem is you Know Too Much. You are operating at a distinct disadvantage in a market where the biggest winners are hair stylists daytrading on their ciggy breaks, playing the momentum instead of the fundamentals.

When your father-in law calls, think of a number between 2 and 36,000. Either of them could actually be the Dow for the day...

-- Frank Lee / I dont give a damn (ibuy@halfoff.com), January 04, 2000.

crazy isn't it??? funny though....

-- el snipor (faraway@distantland.net), January 04, 2000.

You are looking for answers that have eluded the brightest minds for many years.

We continue to live under a media blackout. Companies that are having troubles, whether due to Y2K or otherwise, will do their best to hide the facts from everyone, even their superiors, and especially from the stockholders.

We will not really know about problems until it is reported in earnings reports. Unless the problems are so huge that they cannot be hidden, we won't know for months.

A good journalist will dig deeper to find the facts, but there is a shortage of these, and let's face it, Y2K is really old news as far as the media is concerned. Until people die as result of failures, the media is done with it, for the most part.

We were due for an ecomonic downturn even without Y2K concerns, and while most of know the this could be the trigger, it remains to be seen if anyone will admit this 6 months from now. Some of us will know better, but it is like being runover in a crosswalk, you had the right of way, but you are just as dead.

-- Bill (bill@desert.sw), January 04, 2000.

Market corrections are like hot streaks -- you only see them after the fact.

-- Dave (aaa@aaa.com), January 04, 2000.