Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TwoCybers Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19372  
Subject: Re: year 2000 Date: 6/27/1999 11:21 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I think it is very hard to predict beyond a generalization that the period around 12/31/99 will have uncertainty & volatility. All the information I get suggests the American Banking system will be fine (credit unions and non-FDIC institutions are not being forced to be compliant). There is a great deal of concern by drug companies that people will hoard pills. This could result in transferring demand/sales from Q1 of 2000 into Q4 of 1999. Gasoline is another item that spot shortages could occur as everybody fills their tank. There seems to be general agreement that much of the less developed countries will have some dissolcations. Well how do you predict the effect of some problems with an oil well in Indonesian (an example only)? There is a level of insanity on the part of some people. I know of an individual who has removed $100,000 in cash from his checking account and placed the money in his lock box on the basis his bank might not be open and he wants to be certain to have cash (It does not seem to have occured to him the bank also has vault doors with time locks.)

Frankly right now there is some uncertainty about what actions the FED will take, about Russia, etc. I believe there will be several good opprotunities in the next 6 to 9 months to make investments as people over react. I have a bit more cash available then usual. I have also established a selling order for my investments to raise cash in case something really crazy happens. For example of KO or T drop to single digets I will buy a bunch, but I want to make the decision on selling other stocks in a cold, careful way.

Other then that, just remember 1/1/2000 falls on a Saturday this year. So I might get enough cash for one day more then a normal holiday weekend.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement