Well, you see, its the new economy stupid! The 'smarter investors' created by Schwab have decided to dump their worthless blue chip stocks like General Electric, Coca-Cola, and McDonalds for the REAL money makers. You know, the online .com's that sell pet snacks, toothpicks, potting soil, and all those other commodities that the American public is buying in record numbers.

Nevermind that none of these companies have posted a profit yet (let alone something that used to be called a 'dividend'). Soon, this country's prosperity will have everyone rich, retired and sitting in front of their cable modems engaged in all day online buying sprees that will make the Home Shopping Network green with envy.

The future's so bright we're gonna need sunglasses folks!

-- A. Rand (Make me a million@paperweights.com), February 26, 2000

Answers

Check out this URL:

http://www.hussman.com/hussman/html/armagedn.html

for charts showing the same type of pattern in the 1929, 1987, and movement so far in 2000. Next week could be interesting.

-- Sure M. Hopeful (Hopeful@future.com), February 26, 2000.

Sorry, wrong URL given, should be:

http://www.hussman.com/hussman/html/armagedn.htm

-- Sure M. Hopeful (Hopeful@future.com), February 26, 2000.

Actually, my favorite excuse (er, explanation) of the Dow drop was that the Dow stocks are interest-rate sensitive but the high-tech and internet stocks are not since they don't have to borrow money since they raise cash by raising equity.

roflmao!

-- cgbg jr (cgbgjr@webtv.net), February 26, 2000.

Will the Talking Heads ever mention margin calls?

-- Earl (earl.shuholm@worldnet.at.net), February 26, 2000.

Good rant, Rand. Evidently bankruptcy risks no longer exist because investors can't seem to get enough of the money-losing .com stocks.

-- haha (haha@haha.com), February 26, 2000.

They say don't panic, just think of it as a great "buying opportunity"!

-- Hawk (flyin@high.again), February 26, 2000.

A. Rand wrote...

>>> "The future's so bright we're gonna need sunglasses folks! " <<<

So is a mushroom cloud.

Food for thought.

-- Irving (irvingf@myremarq.com), February 26, 2000.

I have seen these charts b4, late last year. It didn't happen. IT won't happen as long as TPTB dont want it to. Reasons can be massaged for whatever course TPTB want. The average person doesn't care until it happens to him. As long as a reason for optimism holds, "Why Worry?" "buy and hold" As someone earlier said "This is not a danger but a buying opportinity" "Just keep giving us your money" - - -opps strike that last one . . . Personally, I think the world's economy is shakey as all get out. We are held together by duct tape, bailing wire, and WD-40. TPTB have done a great job of holding this fragile thing we call a world economy together. To crash a major country would be too great a loss and consequently THEY will not allow that to happen. Personally, again, I think that the stocks will be allowed to drop slowly and in a controlled manner so as not to cause a panic, mass selloff, and crash. (Could a crash even happen with the way averages are watched and controls put in to place when necessary to avoid panic.) Rather than a cliff, perhaps a 45 degree slope untill the correction is corrected. No panic - "no worry, just a series of small corrections, we can ride it out." ONce again, I think we are in a very dangerous situation economically. It will take a lot of smoke and mirrors to keep what we used to call "the herd" in check and relatively quiet.

May God watch over us all.

Robert

-- Same as B4 (NWphotog@Foxcomm.net), February 26, 2000.

""Well, you see, its the new economy stupid! The 'smarter investors' created by Schwab have decided to dump their worthless blue chip stocks like General Electric, Coca-Cola, and McDonalds for the REAL money makers."" A Rand

This is a very old story. I won't ramble on, but, suffice it to say that over heated speculation is the prime marker of the end of a bull market. JB

-- Jackson Brown (Jackson_Brown@deja.com), February 26, 2000.

---agreed with Robert. "They" have too much control over various currencies, large trading blocs, full, complete and unchecked insider information and manipulation. "They" also really need to keep the economy up because it's an election year, and "they" need to keep the current executive branch puppets in place, no matter what it takes. If it starts to go down, they'll just keep suspending trading, even to the point of executive "emergency" action. What form that might take, I do not know, but given that basically a few dozen really big cartels control the entire world, I imagine it can be done. None of the big trading houses could withstand a crash now, they'd need tanks to guard them, you simply can not whizz off millions and millions of people while the population in the US is still armed. The complete disarmament must be in place before the great robbery, the theft of the planet, is finished.

-- nocash (inthemarket@forme.no), February 26, 2000.

Nevermind that none of these companies have posted a profit yet (let alone something that used to be called a 'dividend').

What's a dividend - guess I'll have to ask an oldtimer. Isn't that related to 8 track tapes by any chance?

-- Guy Daley (guydaley@bwn.net), February 26, 2000.

A. Rand

Thanks for "Atlas Shrugged".

-- JB (noway@jose.com), February 26, 2000.

Irving wrote:

"A. Rand wrote...

>>> 'The future's so bright we're gonna need sunglasses folks! ' <<<

So is a mushroom cloud.

Food for thought.

-- Irving (irvingf@myremarq.com), February 26, 2000."

"The future's so bright, I gotta wear shades."

-Timbuk3

Referring to a nuclear blast.

Don

-- Shimoda (enlighten@me.com), February 26, 2000.

"They" also really need to keep the economy up because it's an election year, and "they" need to keep the current executive branch puppets in place, no matter what it takes. If it starts to go down, they'll just keep suspending trading, even to the point of executive "emergency" action.

If they suspend trading, I think even the dimmest bulbs will understand that the game is over. But I could be wrong; it could be worse. :)

-- Steve Heller (steve@steveheller.com), February 26, 2000.

TODAY'S CRUDE OIL, GASOLINE & DISTILLATE MARKET DEVELOPMENTS

-- GOLDIE (GOLD@GOLD.GOLD), February 26, 2000.

No MANS GREED CAN TRIUMPH OVER THE COOL SWEET PATIENCE OF GOLD.

-- GOLDIE (GOLDIE@GOLDIE.COM), February 26, 2000.

Crude Oil Is Going To Go Higher Before It Goes Down Richardson Blew It Bigtime There ARE Lot's Of Problems With Refineries Must Be The Squirrel's We'll really be hosed this summer when we get more of these squirrel attacks than we're having now.

-- Gordon (g_gecko_69@hotmail.com), February 26, 2000.

yeah but can ya make scroll to the right? ...sdb

-- S. David Bays (SDBAYS@prodigy.net), February 26, 2000.

"Anyone not wearing 2 million sunblock is gonna have a real bad day" Sarah Connor, T2 Judgement Day

-- Powder (Powder47keg@aol.com), February 26, 2000.

font

-- Jerry B (skeptic76@erols.com), February 27, 2000.

font, one more time

-- Jerry B (skeptic76@erols.com), February 27, 2000.

once mre

-- Jerry B (skeptic76@erols.com), February 27, 2000.