Back in 1990, the Persian Gulf War was a much-anticipated “negative” event in which everyone realized the exact date the war began (and with stock prices at depressed bargain levels), stocks began to skyrocket upward, much to everyone’s amazement. Currently, the stock market is down because of a combination of interest rate concerns in conjunction with Y2K worries. We feel once investors come to realize that Y2K concerns are overblown (particularly in the U.S.), then the pent-up demand for stocks will emerge with a buying flurry.
As quoted in Barron’s – October 11, 1999
- Post author:ablassociatesinc
- Post published:September 30, 1999
- Post category:National Newspapers / Print
Tags: Lancz Letter, Persian Gulf War, Y2K