How low will it go?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
I wonder what y'all take is on the S&P, DJIA and NASDAQ. How low will they go during this current selloff?
Methinks the Y2K bug is biting oil, and that this will spook long-term investors in equities, due to inflation's return.
Your opinions greatly appreciated. (See overnight markets)
-- Joseph Almond (firstname.lastname@example.org), January 19, 2000
Inflation was caused by banks and governments creating too much money for the boomers to startup their homes in the early 70's. No there is too much money sitting in banks and mutal funds for inflation to return. Also there is too much cheap labor in foreign countries where most of you manuf. goods come from. The current clut of money is showing itself up on the stock market and thats is where is will be distroyed. If anything deflation will be the next big problem not inflation. One point is that you might see inflation is local economies but for the averages is over.
-- justthink com (email@example.com), January 19, 2000.
The market is barely dropping. This isn't the selloff, but there will be one. Either that or we have jumped space-time continuums.
-- Mara (MaraWayne@aol.com), January 19, 2000.
'Also there is too much cheap labor in foreign countries where most of you manuf. goods come from.'
That cheap labor is only viable as long as shipping is inexpensive...we may see some offshore manufacturing return to the States.
-- me (firstname.lastname@example.org), January 19, 2000.