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Mark - Don't know where you are hearing doom & gloom about Y2K because all I
read and hear is "No Problemo" from most all corporations and people that I
talk to. There is no real fear at all of Y2K that I can discern, just a lot
of complacency (we're ready for anything). Maybe a little wariness, but
nothing really major.
I recall seeing something recently that said the US was 99% ready for Y2K
but that the rest of the world would have problems. Of course, the rest of
the world sources a lot of raw materials and finished products to us that
drive our now service based economy forward. But what if the supply
incoming lines stop working? Prices will soar while the economy slows down
or stops. Remember how quickly memory chip prices escalated after the
Taiwan earthquake, even though the factories weren't affected? Possibility
of a domino effect if the supply chain falters? <shrug> who knows?
JW
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxxx]On Behalf Of Mark Brown
Sent: Monday, November 15, 1999 5:26 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [realtraders] Re[2]: FUTR_Getting Long! {01}
Hello Proffittak,
Monday, November 15, 1999, 2:14:19 AM, you wrote:
Pac> hi my work suggests that the hi will be broken but NOT this week
Pac> this week weekness (2-4%) should be used to enter a POSITION
Pac> trade long new hi in 11/25-12/2
It will be funny if we are in a strong new high rally in the SP as the
year ends. Funnier still if we keep pushing new highs as Jan. - Feb.
pass by. EVERYONE (just about) that I know is predicting the EOW.
(that's end of world) Sure would put a damper on my life
accomplishment flames. I remember being in a Smith Barney office when
the SP was at 450 and they were doom and glooming then. Ho Hum, I'm
starting to slowly belive in this buy and hold crap.
--
Best regards,
Mark Brown mailto:markbrown@xxxxxxxxxxxxx
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