STOCK MARKET : LUSENET : TimeBomb 2000 (Y2000) : One Thread




please don't yell so loudly from yale, we can "hear" you.

-- Deaf Smith (, January 28, 2000.

Sorry folks about the caps. I was editing some previous work and must have left it on.

-- thomas saul (, January 28, 2000.

I see the "Font Police" caught you Thomas...they're fast around here. LOL

~Dee =)

-- Dee (, January 28, 2000.

It is not falling, it is just a little choppy. One percent here or there means nothing. The last big correction was a 23% drop in one day(1987). This up and down market is nothing and everyone expects to go through it. This choppyness always happens at earnings season.

-- ned (, January 28, 2000.

The last time I was in "chop" like this, the freakin' boat sank.Since 01/01/00 it looks like a tsunami. As James said,"The moment of truth has past".

-- Sage (, January 28, 2000.

It's been choppy like this for years, up 80, down 200, up 150, down 60.

same old same old.

-- Mike (, January 28, 2000.

I have heard more than one 'expert' say that January performance reflects the trend for the rest of the year. Well, so far January's trend is down, down, down. One day left of trading. And from what I have seen Monday is usually blues.

-- Kyle (, January 28, 2000.

Looks like them "plumbers" did their job at 1:00pm EST right on schedule.

-- Sage (, January 28, 2000.

Have seen commentary that Mondays tend to be bad stock days (folks come back from the weekend and decide to take profits, apparently), as do month-ends. This coming Monday is both (as if stocks needed another reason to get whacked).

-- DeeEmBee (, January 28, 2000.

I predict that, during the last hour of trading, someone will try to raise the dow to 11,000 by buying selected dow stocks..... that seems to have been the general pattern the past couple of weeks.

-- jeanne (, January 28, 2000.

Dow 11,000 and Nasdaq COMP 3,900 are the current support levels. They've been tested at least twice in the past 30 days -- markets went through them, then recovered. Stay tuned.

-- DeeEmBee (, January 28, 2000.


There was a large inflow at 1810z,not from the usual sources though,seems to be multiple entities operating.

-- James (, January 28, 2000.

James -

What kind of money does it take to move the indices like this? I'm hard pressed to imagine how any market makers are able to process these sort of stock volumes. The COMP moved up 1.25% in about 45 minutes, pretty much the same as yesterday's action. That's some serious coin moving into some key stocks!

-- DeeEmBee (, January 28, 2000.


We have ben trying to put a number on that for sometime now.It appears to be impossible to sort out the kickoff from follow through,as you can imagine they must have access to huge amounts of liquid capital.

-- James (, January 28, 2000.


Sorry ,can't say much more on the source of mi huevos de oro. Just be aware it's a manipulated market,and don't get wet when the wave breaks.


-- James (, January 28, 2000.

Duly noted, and muchos gracias (again) for the insights you've been able to pass along thus far. I'm in cash myself -- this volatility is far too high for my tastes. There's definitely educational value in the observation, if not participation. Boy oh boy, Bill Fleckenstein must have one heck of a smile on his face 'bout now...

Looks like that 1810z money didn't last long. Nasdaq's back down 3.25%, Dow off 1.67%, S&P500 -2.00%, and everything's really starting to deteriorate. Amazing how strongly the three indices track each other lately - very different from last year.

-- DeeEmBee (, January 28, 2000.

Help, I've fallen....and I can't get up!!! Too bad her life line to the plunge doctors is not Y2K compliant.

-- Kyle (, January 28, 2000.

DOW down almost 300 points ....6 minutes 'till MELTDOWN.

Is the Market UP or DOWN, for January???

-- Z (Z@Z.Z), January 28, 2000.

On 01/03/2000, the three major indices were at roughly the following levels: Dow 11,500; S&P500 1470; Nasdaq COMP 4190

Today's close: Dow 10,738; S&P500 1360; Nasdaq COMP 3886

If January is truly an indicator month, we're in for some rough sledding...

-- DeeEmBee (, January 28, 2000.

CNNfi: NASDAQ has suffered its second worst point loss ever! Worst weekly loss ever.

-- Kyle (, January 28, 2000.

To understand more about the forces at work in the stock market and the chicanery practiced, read Ramsey King daily, available for free on the internet at In the last ten days the Fed monitized (redeamed for computer created cash) by coupon passes $1, 969,000,000, almost two billion dollars, yet; the stock market is still declining. To pump up the markets in the last two years, not only was (1) a massive inflation of credit required, (2) up to 16% devaluation of the dollar through that annual increase in M-3, but often (3) a billion a week of coupon passes was done. Also, from some inexplicable source, the big operators on wall street often sunk 1,000 or 2,000 S & P futures contracts into the stock market when the market started declining.

-- r. c. hunter (, January 28, 2000.

Also, some of the politically attuned Economists are beginning to suspect a discounting of a failed GOP / Bush campaign separate and apart from interest rates, etc., etc.

-- ~~~~ (Losing it @ Lost it .com), January 28, 2000.

What is happening, the market is not in free fall. The market has been generally flat and lately has been coasting downward. For those who care to look All of the major indexes closed today below their 200 day moving average, this is negative. The market internals or breadth has been negative for many monthes, this is negative. Oil prices have been higher and economic activity has not slowed, this is inflationary and negative. As markets in Asia recover money is flowing out of US equities and back into asian countries, this is negative. There are many US investors that believe the markets only go up and have borrowed heavily to bet on the market continuing to rise, in any downward correction, this is negative. We are assured by some posters that you need only invest in a or b and all is well, this is just plain silly. Earnings are slowing or disappearing, this is negative.

Market is overpirced and the same dot.coms that led us up will continue to lead us down into the correction of whatever.

It's all over except for the scearming.

-- Squid (, January 28, 2000.

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