DOW has shot its wad; let the Y2K induced depression begingreenspun.com : LUSENET : TB2K spinoff uncensored : One Thread
I can hear the pollyannas now: "But, but, it had NOTHING to do with Y2K!"
To quote our 'ole buddy, "It won't be long now"
-- Shot Wad (@ .), March 07, 2000
Ah, you anonymous posters with your "polly vs doomer" thing still going strong.
I'm willing to believe (almost) anything if I can see some proof. You've made a pretty broad statement that the Dow "shooting its wad" had some relation to Y2K computer problems. Can you please provide the facts that have made you to draw this conclusion?
-- Jim Cooke (JJCooke@yahoo.com), March 07, 2000.
Sure am glad I prepared, for whatever might happen.....
Glad I had the lead-time to get out of debt.
-- lisa (email@example.com), March 07, 2000.
Draw your own picture.
Tuesday March 7, 5:27 pm Eastern Time
U.S. stock index futures fall further late
March 7 - U.S. stock index futures fell further in late trade. March S&Ps set daily low of 1,351.50. After 2:30 p.m. CST, the contract's first limit down is 140 points, or down 10 percent. Nasdaq futures first limit down after 2:30 p.m. is off 330 points. March Nasdaq also hit new daily low at 4,360.00.
-- - (firstname.lastname@example.org), March 07, 2000.
I don't suppose Alan Greenspan's announcement that if the stock market doesn't cool down, he'll cool it has anything to do with this?
On the other hand, how do we know that Mr. Greenspan is Y2K compatable. Can you prove that he is? Perhaps he is just now starting to malfunction.
-- E. H. Porter (E.H. Porter@just wondering.about it), March 07, 2000.
Be it y2k or oil or.....I wouldn't say that the market has "shot its wad". Its got a long way to go down before you can say that, especially the internet/tech stocks. They would have to drop 50% to get even close to real value. I am not saying that this isn't going to happen, I am just saying that its not past tense in any way.
-- Taz (Tassie123@aol.com), March 07, 2000.
Looks like a good buying opportunity for some stocks that are beaten down. The bears and bulls are forever fighting and there is money to be made by buying stocks that panic-stricken buyers sell at a loss. No one knows when the market is done going up OR down. But lots of people like to guess. They get a whole bunch of people to follow them and then it starts to go back the other way. Stay the course.
-- liu (email@example.com), March 07, 2000.