Word: y2k
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...says, "We believe it could happen today or it could happen a thousand years from now." He resists the notion that his novels exploit today's premillennial anxiety. "The books don't mention any date whatsoever. We're not talking about the millennium. We're not talking about Y2K...
...this summer, and many believe that the Fed will move again in October. That would fully reclaim the cuts put in place during last year's global crisis and give the Fed more room to cut rates all over again if anything goes wrong at year's end. (Remember Y2K...
...could margin investing turn cataclysmic? Here's the scenario most feared--and most plausible. The combination of rising interest rates, lofty P/E ratios and some unexpected Y2K problems in the period ahead could jolt the market into a major sell-off. Internet stocks would be most vulnerable, but the damage could spread to other equities as well. If a stock bought on margin falls 30%, the stockbroker typically grabs the phone and utters the dread words "margin call." It means you've lost so much money on the stock you bought with borrowed funds that you have to dig into...
Moved PermanentlyMoved PermanentlyFortune Investor Data"For the Fed to raise again this year, there?d have to be extremely clear signs that the economy was growing too fast," says Baumohl. "He wants to preserve some liquidity for Y2K, and he wants to stay in the background when the political season heats up and everyone?s fighting about tax cuts." That?s just fine with the markets ?- they hate politics anyway. The only thing that might have spoiled their party is if Greenspan hadn?t raised rates -- good news like that, if it?s unexpected, can only cause a ruckus. "That...
...PermanentlyFortune Investor DataAnd for the ever-cautious Greenspan, the slow-news dog days of August are the perfect time to put rate worries to bed for the year. "First of all, he?ll want to make sure there?s enough liquidity in the money supply to deal with any Y2K disruptions," says Baumohl. "And he knows that as the political campaigns heat up, there?s going to be debate about the economy. He doesn?t want to be part of that rhetoric." Which could be rough on Steve Forbes. But Al Gore will be thankful for a domestic economy that...