Y2k Stock Crash Cancelled

[Bradley K. Sherman]

Wow, that IBM-initiated stock market crash was a dilly.
Dow Jones now up only 11% year-to-date.

--bks

[g.k. cooper]

On 21 Oct 1999 20:53:50 GMT, b...@netcom.com (Bradley K. Sherman)
wrote:

>>Wow, that IBM-initiated stock market crash was a dilly.
>>Dow Jones now up only 11% year-to-date.

Scared you a bit, though, didn't it Sherm?

I notice you were real quiet until after the market closed. Real
heroic.

coop

[Paul Milne]

Bradley K. Sherman <b...@netcom.com> wrote in message
news:7unugu$49m$1...@nntp4.atl.mindspring.net...

>
> Wow, that IBM-initiated stock market crash was a dilly.
> Dow Jones now up only 11% year-to-date.
>

Always the master of the straw man. I tell him I am going short in the Nikei
and when it drops 400 points he breathlessly complains that it was not a
crash. No, it was a trade, bozo. And then it rallied back up to 17,600 ( A
dead cat bounce) and suggested adding two more shorts. It immediately sank
again.

And now, as prudent and reasonable people realize that it is not in the
cards for anything but a decline, bks complains once again that it 'has not
crashed'. He will complain that it has not 'crashed' all the way to the
bottom. And then, when the market is laid waste, he will still maintain that
it did not crash and that everything is fine as he swills dog piss out of a
rusty hubcap. " Great news!" Dog urine for everyone!!"

Morons and simps like bks will always be with us; ignorant and
self-deceived guardians of the status quo and the perpetually ascending
DOW.

bks will never see it coming nor admit afterwards that it came and went, if
he should live so long.

--
Paul Milne
"If you live within 5 miles of a 7-11, you're toast"

> --bks
>

[Robert Egan]

Paul Milne wrote [among other things]:

>
> I tell him I am going short in the Nikei and when it drops 400
> points he breathlessly complains that it was not a crash.

Does anyone else wonder how someone qualifying for an earned income
credit can afford to be "going short" in any market?

I wonder if the IRS would wonder as well?

Regards
Robert Egan
--
Notice: If your address is not valid, Juno will bounce your message.
Juno also bounces attachments and messages larger than 64K.

[g.k. cooper]

On Thu, 21 Oct 1999 21:54:07 -0400, Robert Egan <rje...@juno.com>
wrote:

>>Does anyone else wonder how someone qualifying for an earned income
>>credit can afford to be "going short" in any market?
>>
>>I wonder if the IRS would wonder as well?

Do you respect yourself, Mr. Egan? Does being Big Brother make you
feel important?

Shame on you.

coop

[Dave Koster]

You're crash prediction was today?

dk

Bradley K. Sherman <b...@netcom.com> wrote in article
<7unugu$49m$1...@nntp4.atl.mindspring.net>...

>
> Wow, that IBM-initiated stock market crash was a dilly.
> Dow Jones now up only 11% year-to-date.
>

> --bks
>
>

[ElmerFin]

b...@netcom.com (Bradley K. Sherman) wrote:

>Wow, that IBM-initiated stock market crash was a dilly.
>Dow Jones now up only 11% year-to-date.

--bks

As the expert on such matters, does this qualify as a Y2K story for this week?

[Wade Ramey]

IBM was down 16, contributing about - 80 to the DJIA, which closed down
about 95. Phillip Morris, with its legal problems, was down 3 3/8,
contributing roughly -17 to the DJIA. So the spillover from IBM to the
rest of the market was nil. In fact, the tech-heavy NASDAQ was up 14. y2k
seemed to have no impact on the market today. Pretty interesting.

Wade

[Bradley K. Sherman]

In article <19991021223203...@ng-fc1.aol.com>,

ElmerFin <elme...@aol.com> wrote:
> b...@netcom.com (Bradley K. Sherman) wrote:
>>Wow, that IBM-initiated stock market crash was a dilly.
>>Dow Jones now up only 11% year-to-date.
>

>As the expert on such matters, does this qualify as a Y2K story for this week?

That, plus the Nikkei up around 17.6k again, plus Rick Cowles
dropping out of Y2k, plus Jocelyn Amon dropping out of Y2k are
the contenders so far. But only for my roundup of Y2k non-stories
for Saturday or Sunday.

In all honesty, I caught the same show that Robert Folsom did
with the woman on the floor of the NY Stock Exchange babbling
about Y2k. I wondered if maybe she was Dark Dakota, the way
she was screeching 'the Y2K' or maybe that friend of Dark
Dakota who is still waiting to get her $4K out of the bank
that has a lifetime limit on withdrawals of $2K.

--bks

[TheZenith]

In article <7unugu$49m$1...@nntp4.atl.mindspring.net>,

b...@netcom.com (Bradley K. Sherman) wrote:
>
> Wow, that IBM-initiated stock market crash was a dilly.
> Dow Jones now up only 11% year-to-date.
>

> --bks

Morons like you need to see the index crash. The fact that 90%
of the stocks are already in a bear market (crashed) is lost on you.

Oh yes, the DOW was up 22% at peak, and hovered around 20% for half of
the year. Now its at 11%. What exactly do you call a crash? 99%? 50%?

However the NAS is now up 27% ytd from a high of 32% ytd a week or so
ago. And when that fails, theres still the commodities market and a
few others you can look to for data to support your claims.

--
Zzzzzzzzzzzz...zzzzz..z.z....z....zzzzzzzzz....z.Z
"Even if the date-sensitive equipment blows up
due to a Y2K bug, there'll usually be a
replacement ready to take over." -smpoole7

Sent via Deja.com http://www.deja.com/
Before you buy.

[poll...@lunch.org]

In article <94055217...@helium.cstone.net>,
"Paul Milne" <fed...@halifax.com> wrote:

> And now, as prudent and reasonable people realize that it is not in
the

> cards for anything but a decline.

I assume, from your statement, that you consider yourself "prudent and
reasonable". Were you also "prudent and reasonable" six years ago when
you "realized" the same thing?

When exactly IS fiat money gonna fail us, by the way? How long do you
have to witness the system working until you realize that it DOES work?

Modern aircraft are very complicated. Few, if any, fully understand
each and every interconnected component to the most minute detail.
Therefore, by doomer logic, they cannot possibly fly. How many do you
have to see pass overhead before you are convinced otherwise?

I guess you'll go to your deathbed convinced that you are correct, and
that collapse is "just around the corner".

Steven

[cory hamasaki]

On Fri, 22 Oct 1999 03:05:27, b...@netcom.com (Bradley K. Sherman) wrote: > In article <19991021223203...@ng-fc1.aol.com>, > ElmerFin <elme...@aol.com> wrote: > > b...@netcom.com (Bradley K. Sherman) wrote: > >>Wow, that IBM-initiated stock market crash was a dilly. > >>Dow Jones now up only 11% year-to-date. > >As the expert on such matters, does this qualify as a Y2K story for this week? > That, plus the Nikkei up around 17.6k again, plus Rick Cowles > dropping out of Y2k, plus Jocelyn Amon dropping out of Y2k are > the contenders so far. But -bksie-, "Lawrence Gershwin of the Central Intelligence Agency said Y2K could cause 'widespread, possibly prolonged disruptions in vital services that could have serious humanitarian and economic consequences' in ill-prepared lands." I mean, like, what does it matter if Cowles or Amon (who only registers on our Radar because she has an unusual name) drop out, drop up, sprout wings and fly away like birdies. What part of Gershwin's testimony do you handwave away with those flippy hand motions? Put it together, Nevada, January to October, a simple receivable/payments system, hopelessly snarled for months; Nevada again, license renewals, a trivial system but wacko for months. Extrapolate that to entire countries doing the Polly thing. It's one thing if you're wealthy, a prepper, or are comfortably self-sufficient in the wilds of southern Virginia. It's another matter if you're dependant on the massa, the system, the welfare, the job at the plant and the economy collapses. Some parts of the system will fail for months, perhaps years. If there is a widespread and persisting economic de-evolution, what then. I'm not worried about IT failures at Liz Claiborne, Coca-Cola, or the Nevada DMV. No one entity is a lynchpin. The problem is grit in the system, errors becoming the rule rather than the exception. Computers are an almost frictionless system, cheap to run, close to perpetual motion. This fools the pollies into thinking that they have discovered a new law of the universe, that past performance does indicate future results. The Polly view is the "first system" confidence of a nubie programmer, the 5-10 year experienced person who did a little coding and can brute force an application into submission. Lightweights, kid coders, green as grass and about to be mowed. Someone with decades on large systems and in depth experience doesn't make that mistake, isn't seduced by the speed, ease, reliability of computers. We've seen systems turn on their masters, stubborly refuse to perform, resist our best efforts at debugging, performance analysis, and renovation. When the FAA, Samsonite, Hershey, Oxford, Bang and Olufsen, eBay, have IT failures because they didn't test enough, they didn't run parallel long enough, they didn't maintain a parallel system, it doesn't surprise us. We're not like the pollies who froth at the mouth, roll around, kicking, screaming, "it can't happen, this is a special case" or stranger, "it always happens like this, they did it on purpose because..." Because? Because what? Because they're idiots? (the best are the ones who say that *they* do it that way. That really has me confused.) 70 days, 1699 hours, then it starts. Maybe the remediation fairy will come, wave her magic wand. I don't think so. This has never happened before. This is unknown territory, here there be dragons. cory hamasaki http://www.kiyoinc.com/current.html

[Bradley K. Sherman]

In article <7kepWhCNP4qd-pn2-vY8dkx2dTf4I@localhost>,
cory hamasaki <kiy...@ibm.XOUT.net> wrote:

[...]

The same CIA who didn't know that Gorbachev was dismantling
the Soviet Union? Why not quote the FBI about the Y2k
threat of the hate groups? We don't know anyone in
csy2k who glorifies Ryder trucks full of explosives and
obsesses about Y2k do we?

The Nevada DMV is having computer problems? Is there any
DMV in *any* state that is not having computer problems?
So far we have CA, NY, ME, NE, FL and yet every time I
head out for work the highways are full.

Sorry Cory, Rick Cowles dropping out of Y2k is a *big* story.

--bks

[g.k. cooper]

On 22 Oct 1999 11:31:49 GMT, b...@netcom.com (Bradley K. Sherman)
wrote:

>>Sorry Cory, Rick Cowles dropping out of Y2k is a *big* story.

I agree with you on this bks. That doesn't bode well if a doomer of
this magnitude defects.

I sold my y2k property a few weeks ago for a handsome profit. But
that profit didn't include the hundreds of hours of sweat equity I had
in it. But that selling does reflect my attitude on y2k.

y2k is going to be a lot of fun but even the coop is admitting it
sure ain't gonna be mass exodus from the cities.

coop

[docd...@clark.net]

In article <94055217...@helium.cstone.net>,
Paul Milne <fed...@halifax.com> wrote:
>

>Bradley K. Sherman <b...@netcom.com> wrote in message
>news:7unugu$49m$1...@nntp4.atl.mindspring.net...

>>
>> Wow, that IBM-initiated stock market crash was a dilly.
>> Dow Jones now up only 11% year-to-date.
>>
>

>Always the master of the straw man. I tell him I am going short in the Nikei

>and when it drops 400 points he breathlessly complains that it was not a

>crash. No, it was a trade, bozo. And then it rallied back up to 17,600 ( A
>dead cat bounce) and suggested adding two more shorts. It immediately sank
>again.

Ummmm... might someone check the math here? Based on a starting point of
17,474 (as my admittedly porous memory has it) a drop of 400 is a bit less
than 3%; is this kind of move on an index over a few weeks considered to
be worthy of much notice?

DD

[docd...@clark.net]

In article <7upk5l$oq5$1...@nnrp1.deja.com>,
TheZenith <theze...@my-deja.com> wrote:
>In article <7unugu$49m$1...@nntp4.atl.mindspring.net>,

> b...@netcom.com (Bradley K. Sherman) wrote:
>>

>> Wow, that IBM-initiated stock market crash was a dilly.
>> Dow Jones now up only 11% year-to-date.
>>

>> --bks
>
>Morons like you need to see the index crash. The fact that 90%
>of the stocks are already in a bear market (crashed) is lost on you.
>
>Oh yes, the DOW was up 22% at peak, and hovered around 20% for half of
>the year. Now its at 11%. What exactly do you call a crash? 99%? 50%?

To put this in an historical perspective it might be interesting to
compare recent figures to those back in 1996, when first was applied to
the market the label of 'irrational exuberance'.

DD

[docd...@clark.net]

In article <XVMQOGfxRaY2libne=Ph3nx...@4ax.com>,
g.k. cooper <g.k.c...@news.net> wrote:

[snippage]

> I sold my y2k property a few weeks ago for a handsome profit. But
>that profit didn't include the hundreds of hours of sweat equity I had
>in it.

Hey, *everyone* needs a hobby, no?

DD

[g.k. cooper]

On Fri, 22 Oct 1999 12:28:17 GMT, docd...@clark.net () wrote:

>>Hey, *everyone* needs a hobby, no?

I'd rather be climbing the seven summits.

coop

[Bradley K. Sherman]

In article <7upk5l$oq5$1...@nnrp1.deja.com>,
TheZenith <theze...@my-deja.com> wrote:
>Morons like you need to see the index crash. The fact that 90%
>of the stocks are already in a bear market (crashed) is lost on you.

Oh, I see. The market has already crashed. Sorry for not having
noticed it. Does the equation
bear market = crash
appear in the Fountainhead? Is that one of those A = B things?

--bks

[Bob Doyle]

g.k. cooper <g.k.c...@news.net> wrote in message
news:rlwQOFgg3s72EZ...@4ax.com...

Well, if you ever vanish Into Thin Air, we'll know what happened.

Bob Doyle

[cory hamasaki]

On Fri, 22 Oct 1999 11:31:49, b...@netcom.com (Bradley K. Sherman) wrote: Geesh -bksie-, I wrote this at 6:AM EDT and you replied in a couple minutes. Don't you ever sleep? > In article <7kepWhCNP4qd-pn2-vY8dkx2dTf4I@localhost>, > cory hamasaki <kiy...@ibm.XOUT.net> wrote: ... > threat of the hate groups? We don't know anyone in > csy2k who glorifies Ryder trucks full of explosives and > obsesses about Y2k do we? Actually no. We have someone who *pretends* to do that as a way of making a point, much as some people say, "I'd kill for a good corned beef sandwich", "Their proposal demolished our company, blew us out of the water", "the computer's down again? The users will slaughter us." It's always carefully worded as, "Some <unstated but possibly a writer of fiction> would say that they <again, unstated> need to have a yellow Ryder truck filled with steel barrels of 60% fertilizer, 40% diesel fuel, parked outside." > The Nevada DMV is having computer problems? Is there any > DMV in *any* state that is not having computer problems? > So far we have CA, NY, ME, NE, FL and yet every time I > head out for work the highways are full. Yes, and how many of those drivers actually have licenses? > Sorry Cory, Rick Cowles dropping out of Y2k is a *big* story. heave-a-big-sigh. Rick says that he isn't dropping out, his energy-land site carries Y2K information. You knew that but as in your original "Rick's been hacked" post, you're playing with the gang. You know very well what's going on with Rick. He's earning a living and energy deregulation is a growth industry. For whatever reason, except for mainframe computer systems, the various industries have declined to fund Y2K remediation. In this area, DeeCee, the spending is increasing not falling. The visible evidence is the DeeCee city government situation and the IT failures in Monkey County (the county formerly known as the best-of-the-best.) JEM was going to write brochures for the Banks until we all puked, it didn't turn out that way. Rick was hoping to help the utilities plan and execute their Y2K strategy. SAP is going down the tubes and is taking the SAP consultants with it. From a dispassionate perspective, 1) maybe there wasn't problem there, 2) maybe that segment was in denial, 3) maybe they did a bunch of remediation and they're done, 4) maybe the staff is a quick study and didn't think they needed highly paid consultants, 5) maybe they'll fail in a grand style. > --bks This is the end game. We'll know in 70 days. cory hamasaki http://www.kiyoinc.com/current.html

[docd...@clark.net]

In article <rlwQOFgg3s72EZ...@4ax.com>,

g.k. cooper <g.k.c...@news.net> wrote:
>On Fri, 22 Oct 1999 12:28:17 GMT, docd...@clark.net () wrote:
>
>
>>>Hey, *everyone* needs a hobby, no?
>
>
> I'd rather be climbing the seven summits.

So... perhaps it is time for another hobby, then.

DD

[The Tyrant]

Get a clue Egan... read the intire ng before making a comment like that.. Here
let me give you a helping link

http://www.dejanews.com/

Robert Egan wrote:
>
> Paul Milne wrote [among other things]:
> >

> > I tell him I am going short in the Nikei and when it drops 400
> > points he breathlessly complains that it was not a crash.
>

> Does anyone else wonder how someone qualifying for an earned income
> credit can afford to be "going short" in any market?
>
> I wonder if the IRS would wonder as well?
>

> Regards
> Robert Egan
> --
> Notice: If your address is not valid, Juno will bounce your message.
> Juno also bounces attachments and messages larger than 64K.

--
The Tyrant

-=-=-=-=-=-=-=-=- TEOTWAWKI -=-=-=-=-=-=-=-=-
- Our world we know today is not the same as -
- Our world we knew before. -
-=-=-=-=-=-=-=-=- Any Questions? -=-=-=-=-=-=-=-=-

[robertf]

The Tyrant <godf...@hotmail.com> wrote in message
news:38106872...@hotmail.com...

> Get a clue Egan... read the intire ng before making a comment like
that.. Here
> let me give you a helping link
>
> http://www.dejanews.com/
>
> Robert Egan wrote:
> >
> > Paul Milne wrote [among other things]:

You may not having been reading this group long enough to know, but
Egan's been caught more than once telling flagrant, obvious lies about
Paul Milne. He's never denied doing so. This is nothing new.

Robert Folsom

[Bradley K. Sherman]

In article <7kepWhCNP4qd-pn2-FddUI4xgu5Ku@localhost>,

cory hamasaki <kiy...@ibm.XOUT.net> wrote:
>On Fri, 22 Oct 1999 11:31:49, b...@netcom.com (Bradley K. Sherman) wrote:
>
>Geesh -bksie-, I wrote this at 6:AM EDT and you replied in a couple
>minutes. Don't you ever sleep?

Early to bed, etc. When you have a teenager in the house, you
quickly learn which are the only hours when you get the house with
a modicum of peace and quiet. What's with the 'bksie' stuff? Don't
make me post those articles showing how the big blue bad boys caught
a virus because they don't know how to Internet properly.

--bks

[The Tyrant]

Yeah I've been reading it for just over 1.5 years now.. mainly lurking due to my
last job had a massive firewall and did not support usenet posts.. and yes I
know about Egan.. and had wanted to take a stab at him for a while.. I just got
my chance and took it <grin>

--

[Paul Milne]

g.k. cooper <g.k.c...@news.net> wrote in message

news:XVMQOGfxRaY2libne=Ph3nx...@4ax.com...
> On 22 Oct 1999 11:31:49 GMT, b...@netcom.com (Bradley K. Sherman)

> wrote:
>
>
> >>Sorry Cory, Rick Cowles dropping out of Y2k is a *big* story.
>
>

> I agree with you on this bks. That doesn't bode well if a doomer of
> this magnitude defects.
>

Rick was NEVER a doomer. He was a dyed in the wool pollyanna. I have spoken
with him on several ocassions and sent e-mails back and forth with him. He
NEVER believed there would be anything close to a collapse.

> I sold my y2k property a few weeks ago for a handsome profit.

Dumb move.

But
> that profit didn't include the hundreds of hours of sweat equity I had

> in it. But that selling does reflect my attitude on y2k.
>

A year from now, you will be kicking yourself.

> y2k is going to be a lot of fun but even the coop is admitting it
> sure ain't gonna be mass exodus from the cities.
>

LOL LOL. Of course it won't. Stay right where you are.

--
Paul Milne
"If you live within 5 miles of a 7-11, you're toast"

> coop

[Robert Egan]

The Tyrant wrote:
>
> Get a clue Egan... read the intire ng before making a comment like
> that.. Here let me give you a helping link
>
> http://www.dejanews.com/
>

ROTFLMAO! Thanks for the best laugh this group has given me in days!

[TheZenith]

In article <7upmro$lb9$1...@nntp5.atl.mindspring.net>,

b...@netcom.com (Bradley K. Sherman) wrote:

> In article <7upk5l$oq5$1...@nnrp1.deja.com>,
> TheZenith <theze...@my-deja.com> wrote:
> >Morons like you need to see the index crash. The fact that 90%
> >of the stocks are already in a bear market (crashed) is lost on you.
>
> Oh, I see. The market has already crashed. Sorry for not having

Time to nitpick, huh?

No, the indices (and public perception) have not crashed. The vast
majority of stocks are in a bear market (and some have crashed).

> noticed it. Does the equation
> bear market = crash

I believe a crash usually (but not always) starts a bear market.

> appear in the Fountainhead? Is that one of those A = B things?
>
> --bks
>
>

--

Zzzzzzzzzzzz...zzzzz..z.z....z....zzzzzzzzz....z.Z
"Even if the date-sensitive equipment blows up
due to a Y2K bug, there'll usually be a
replacement ready to take over." -smpoole7

[li...@ork.net]

Bradley K. Sherman <b...@netcom.com> wrote:

> Wow, that IBM-initiated stock market crash was a dilly.
> Dow Jones now up only 11% year-to-date.

Hey, that's nothing compared to how much the DOW is up since 1990.

Familiarize yourself with that number. Soon you'll be using that one as a
basis of comparison.

[li...@ork.net]

Paul Milne <fed...@halifax.com> wrote:

> g.k. cooper <g.k.c...@news.net> wrote in message

>> that profit didn't include the hundreds of hours of sweat equity I had

>> in it. But that selling does reflect my attitude on y2k.

> A year from now, you will be kicking yourself.

He will? You mean he won't be dead, his children having died before his
eyes?