| To: Les H who wrote (58) | 10/31/1998 9:52:00 PM | | From: Justin Franks | | | |
I couldn't agree more. Barrons was right on.
I have a feeling the market is pricing in the rate cut for november.
Also, I don't think we'll see real pull back until after mid-Nov.
People just don't know what's REALLY happening. And nobody is really saying anything cause they don't want to start a panic.
We have some serious problems now. We may not feel the impact any time soon, but it will get here. The market will never be the way it once was. I believe we're going through a global transformation cycle. (hey, Europe and the US just don't print new cash for nothing).
The future of the economy is anyones guess. But the governments of this world are aligning themselves for some reason. This is just the beginning of new things to come....
Y2K issues:
This months Solution Integrator magazine said that Consultant/Soluition Intergrator companies (Ernst & Young, Anderson Consulting, etc...) are avoiding Y2K issues. They don't want to be involved in any potential law suits regarding Y2K solutions for customers. The article said:
"We are telling our customers, 'Sorry, we can't help. There is just not enough time to address all of your issues'.
We are asking our account managers to 'steer clear' of all Y2K related issues.
The article goes on to say how nobody wants to be a part of the Y2K solution intergration area. Too many lawsuits could develop. |
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| To: GROUND ZERO™ who wrote (57) | 10/31/1998 9:56:00 PM | | From: Justin Franks | | | |
I'm not a doom & gloom preacher, but.....
I have a bad feeling about the next 5 years....
I have a feeling a global economic revolution is beginning. In the process things are going to get the worst they have ever been in history. |
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| To: Justin Franks who wrote (59) | 10/31/1998 11:16:00 PM | | From: Les H | | | |
One company was already sued successfully for Y2K problem with Point-of-sale machine for a supermarket. There are 20 other Y2K suits already filed.
A lot of the stocks have series of three or four descending lows since May. The patterns appear to be getting wider and looser as in Microsoft, Dell, etc. |
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| To: Les H who wrote (58) | 11/1/1998 11:57:00 AM | | From: Justin Franks | | | |
The DIRECTOR of Y2K for Charles Schwab (San Francisco) is my neighbor.
She said her and her husband bought a farm in Oregon. The are beginning to store supplies there. They bought a flat bed Ford, diesel, to use on the farm.
She said they don't want to be around when things happen. But she also said it may take a few months (3-18) AFTER 2000 before we start to feel the REAL effects.
The system might be able to produce a temporary facade of Y2K issue resolve (the 3-18 month period).
In any matter, the Tidal wave will have already been created. It will be just a matter of time before it hits shore. |
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| To: Justin Franks who wrote (60) | 11/2/1998 6:25:00 AM | | From: GROUND ZERO™ | | | |
I can understand how you 'feel,' but feelings and facts are two different things. When I get a sell signal, I'll be short, but in the meantime I'll enjoy the ride up. BWDIK
GZ |
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