Notice they've stopped completely...

Anyone have a guess why?

-- John H Krempasky (johnk@dmv.com), January 07, 2000

Answers

Hey John,

Why do you feel the need to gloat at your supposed victory. Everyone knows the stock market goes up and down, but a 10% drop in the Nasdaq is a large decline.

If you are so disinterested in the possible effects of Y2K, what the heck are you doing here?

-- No Polly (nopolly@hotmail.com), January 07, 2000.

John, would you like to discuss something about the stock market?

Your Pal, Ray

-- Ray (ray@totacc.com), January 07, 2000.

Actually, what I really wanted to see was a flustered Maria B....maybe next week.

-- Total Doomer (sky@falling.com), January 07, 2000.

It went up today. Looks like everything went up today. "Friday and we made it thru the week without going into the toilet!" Everyone is elated... I guess.

The bubble remains. The brokers say there will be a correction. Rumor has it the market is going up.

"Buy the rumor, sell the fact."

Please buy.

-- Michael Erskine (Osiris@urbanna.net), January 07, 2000.

John, what exactly do you do for the "DMV"? And, do they know you spend so much time here?

-- neo (LostintheMatrix@aol.com), January 07, 2000.

Looks like John's finally found his Special Purpose.

Now, if *only* he'd stop *waving* it incessantly...

-- Ron Schwarz (rs@clubvb.com.delete.this), January 07, 2000.

John:

Hey, I've been doing the same thing for over a year. I hope you're doing it for your own entertainment value, since you have no prayer of penetrating to those who pride themselves on their "special insight". These people see the Big Picture, visible only to those who tune out the 90% of reality that contradicts them.

-- Flint (flintc@mindspring.com), January 07, 2000.

John you are a pure genius. Can you tell me where crude is going, I wan't to dump my life savings on whatever you tell me to.

God I wish I would have found you before Y2K, I could have saved myself the agony of preparing myself for emergencies that happen once in a while. See dickhead, I didn't spend a fortune on disaster preparedness, just a small percentage of my income. And now I'm prepared for ANY emergency. What are you prepared for?

I too was disapointed to see Maria calm, cool and collected. What a pity. She's pure magic when she starts getting all fiery eyed.

Krepansky is a Dork!

Get a life DORK!

-- Gordon (g_gecko_69@hotmail.com), January 07, 2000.

John, you've stumbled upon the modus operandi here: post only bad news to get a rise out of those who live in fear. Hey, the regulars at this site sustained the momentum by picking out doom stories for a couple of years.

Now, they are impotent, wondering what they can worry about next.

Had to laugh at the morons above who talk about 'market corrections'. Obviously, these guys have been in a cave somewhere. They've been talking about 'corrections' since the Dow hit 7,000. Now, a multitude are saying it may hit 20 or 30,000.

John, you've found the best place for laughs on the net.

-- Bad Company (johnny@shootingstar.com), January 07, 2000.

After the Nasdaq posted the two largest point losses in history this week, I expected a technical bounce. I am reserving judgement until at least the early part of next week...better yet, until Friday close.

-- Mad Monk (madmonk@hawaiian.net), January 07, 2000.

Thanks Gordon, I couldn't have said it any better!! Gotta Love those "Johnny come lately's" though.

-- Michael (michaelteever@buffalo.com), January 07, 2000.

Uh, Michale, I've read enough of YOUR words on this board to realize that you're a legend in your own mind.

-- Bad Company (laughing@thecorn.com), January 07, 2000.

A quick cliff-notes explanation of the recent stock market activity for the unititiated is probably in order... Almost all tech stocks have been wacky in the past 3 months, increasing something close to 40% across several indexes. In three months. Every securities firm saw the same thing after the turn of the year; big investors selling to realize those profits. If they had sold *before* the turn of the year, they would need to pay taxes 4/15/2000. If they sell *after* 1/1, they don't have to pay most taxes until 4/15/2001. Another full year of being able to invest those gains... Only an idiot wouldn't take advantage.

In this market that can mean huge, huge bucks.

Now, why is the market bouncing back so quick? Because this sell off has lowered the price of some very hot stocks to the point where they now are relative bargains. The quick don't want to be the dead. They took advantage. And you know what? A lot of the people who sold blah-blah at $150/share on 1/3 are now buying it back at $100/share, knowing it will probably make it to $250+/share by 1/1/2001. This was always the plan for them, contingient apon no real infrastructure breakdown.

And you doomers think you prepared by buying some beans?

a lot of those stock that

-- Bemused (and_amazed@you.people), January 07, 2000.

DMV is an ISP for the Delmarva (Delaware, VA, and MD) peninsula, best known as a playground for idlers from Worshington DC (Rehoboth, Ocean City) and home to America's industrial chicken production (...takes a tough man...).

John H: are you a "plucker"?

-- Total Doomer (sky@falling.com), January 07, 2000.

ROFL, I LIKE this guy John. He does make some points....

Anybody seen RC?

Regards,

-- FactFinder (FactFinder@bzn.com), January 07, 2000.

Of course the earnings for major companies are going to be good this next quarter The market is settling in to that.They are billing our credit cards twice the first day and every day after that this should increase the net worth of most companies. Many will show a positive cash flow. Heck with all those folks spending money on stockpiles they figured out how to get something for nothing.Unfortently the Tech stocks will be dropping as consumers are not going to be pleased with this arrangent. I suggested you go out and get a pos machine to accept credit cards as it is fast becoming the way of the future.

Dave

-- davebullis (davebullis@aol.com), January 07, 2000.

IANAL, but I *do* have to wonder if a merchant who filed multiple charges against a credit card holder might juuuuuust be finding himself having committed *fraud*.

Can he get off by claiming "gee, it's not MY fault that the software I refused to fix did it"? -- or, "it's not MY fault I didn't balance my books at the end of each day and catch the error" (saaaaay, where are all those trolls who sneered that NO accounting problems could survive longer than a *single* day, because EVERY merchant balances ALL transactions at the end of EACH day?)

Or could he possibly find himself looking at the business end of an action filed by a prosecutor on behalf of a victim who said "I charged a hundred bucks, and *got* charged over a thousand"?

Seems to me that theft is theft, whether intentional or negligent.

What this mess *looks* like is the electronic version of having the carbons stolen from your transaction slips.

-- Ron Schwarz (rs@clubvb.com.delete.this), January 07, 2000.

Bemused,
"very hot stocks"
"relative bargains"
"they took advantage"
and best of all, "knowing it will probably make it to 250+/share by 1/1/2001"

I have a feeling this is what September of 1929 sounded like.

-- J (Y2J@home.com), January 08, 2000.

Well, mid-October sounded like this:Link

NEW YORK TIMES Thursday, October 24, 1929, Page 1, Col. 1

PRICES OF STOCKS CRASH IN HEAVY LIQUIDATION, TOTAL DROP OF BILLIONS

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PAPER LOSS $4,000,000,000

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2,600,000 Shares Sold In The Final Hour In Record Decline

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MANY ACCOUNTS WIPED OUT

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But No Brokerage House Is In Difficulties, As Margins Have Been Kept High

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ORGANIZED BANKING ABSENT

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Bankers Confer On Steps To Support Market - Highest Break Is 96 Points

Page 2, Col. 1

SAYS STOCK SLUMP IS ONLY TEMPORARY

Professor Fisher Tells Capital Bankers Market Rise Since War Has Been Justified.

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ECONOMIC REASONS CITED

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"Public Speculative Mania," He Declares, is Least Important Cause of Price Inflation.

-- DeeEmBee (macbeth1@pacbell.net), January 08, 2000.