>>> [EMAIL PROTECTED] 03/15/01 12:02PM >>>
>
> Who let the big Russian bears out ?! wo, wo, wo, wo. Someone owes
> Mark Jones a drink.
>
The sad fact is that is *I* who owe Max Sawicky a case of Lagavulin. I wrote
to him a while ago apologising for my slowness in honouring a bet I lost. The
bet was that the Dow would fall to below 3000 within a year; it didn't. My
reasoning was that at its height, the Nikkei, now down around 12k, reached
over 40 000, and that the equivalent release of gas from a deflating Wall St
bubble would bring the Dow down to 3k. We shall see, altho according to Julien
I don't know anything about the Nikkei anyway.
My secret plan is to send the Lagavulin to Max when the Dow DOES hit 3k, and
then honour will have been satisfactorily served all round.
(((((((((((
CB: I don't want to brag on this, but my bet was that the U.S. market would start to
fall in January of 2000. The reason I remember is that I pegged my bet on the Y2K
computer glitch prediction that didn't seem to materalize, thinking computer glitches
might screw up Wallstreet. And I have been watching, and the Dow started down in
January 2000, then started to vacillate in the region below 11,000 for this whole past
14 months, and the NASDAQ started to dive in March last year. So, my prediction was
not bad, especially since I am not an economist or Wallstreet watcher.
Ironically, the Y2K technical glitch prediction was somekind of shadow of a
stockmarket glitch.
_______________________________________________
CrashList website: http://website.lineone.net/~resource_base
