Still Tanking...

-- Swampthing (in@the.swamp), January 06, 2000

Answers

Sure, that's why we have so many angry trolls here. They are all seeing their earning-less dotcoms crash.

-- W (me@home.now), January 06, 2000.

Swampthing,

Are you blind? The NASDAQ was up over 80% last year. So what if it drops 10% 0r more???

-- (I'm@pol.ly), January 06, 2000.

Last year it was Pumped

this year its being dumped

-- Swampthing (in@the.swamp), January 06, 2000.

Don't you think that this might be due to people taking their very substantial profits now that we're in a new tax year?

By the way, how's gold doing?! Oops....down almost $2.50 an ounce this week.

http://www.kitco.com/gold.graph.html

-- (y2k@aintwhat.itusedtobe), January 06, 2000.

Don't you think that this might be due to people taking their very substantial profits now that we're in a new tax year?

I think that's part of it, sure. But, where is a lot of this money going? Into cash?

What's up?

Mike

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-- Mike Taylor (mtdesign3@aol.com), January 06, 2000.

The Dow is up 140 points.

-- (y2k@aintwhat.itusedtobe), January 06, 2000.

Gold- make sure you own enough to count!!

I must credit resolved with teotnasdaqawki.

-- Swampthing (in@the.swamp), January 06, 2000.

Heres my guess:
The Feds and big Corps knew that PANIC was their #1 enemy and a market drop would have moved some of the herd in that direction. So the market numbers are KEPT from dropping too far or fast. Now that the big bad Y2K date has passed by - we're seeing the true face of the markets to move up or down.
Just a thought.

-- Dan G (thepcguru@hotmail.com), January 06, 2000.

Mike,

I talked to a gentleman from Edward Jones Investments today and he said there are trillions of dollars waiting on the sidelines. Lots of people are sitting on cash yet and people are slowly wading back into more productive investments.

-- (I'm@pol.ly), January 06, 2000.

Thanks I'm@polly,

I actually heard similar reports. Is the move is to wait for a more serious correction before jumping back in?

I have NO investments, unfortunately. Comes with being self employed... however, my son is doing better than I am :-)

Mike

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-- Mike Taylor (mtdesign3@aol.com), January 06, 2000.

I been hearing since September that money is sitting on the sidelines waiting to get back in...

Waiting for what?

-- Swampthing (in@the.swamp), January 06, 2000.

I moved out of the market last year and didn't buy gold, yeh I was one smart doomer.

-- money bags (moneybags@moneybaggss.xcom), January 06, 2000.

Swampthing,

I imagine a lot of people held money back waiting for Y2K. Now that it has turned out to be virtually nada, they are slowly reinvesting it. In our case we moved money from money market to Roth IRA's and into mutual funds. We will do this over a period of several months. One does not just dump all the money in at once. I believe it's called dollar cost averaging.

-- (I'm@pol.ly), January 06, 2000.

But...but...but..

Mr poly y2k was going to be a none event right?

So why wait?

Why did you poly pull out and now slowly getting back in.

y2k was going to be a none event.

Tech stocks continue slide.

Front page yahoo.

-- Swampthing (in@the.swamp), January 06, 2000.

Oy vey!!!

-- (I'm@pol.ly), January 06, 2000.

down over 9% this week...OUCH!

talking head on cnbc just said "dare I say cascading?"

to me I dunno maybe it will bounce back at 10% down.

or maybe 15% or maybe 20%

I dunno.

-- Swampthing (in@the.swamp), January 06, 2000.