December 30, 1998
S&P 500 Index (12/29/98): 1241.81
2000 zero, zero, party over oops out of time
So tonight we're gonna party like it's 1999 -- Prince
A new year is upon us. Can you believe it? By now, between last week's fruitcake and picking up Industry Focus 1999, you must be stuffed in mind, body, and spirit. You may have not even have had time to think over what the market will do in the year ahead. As Fools, that's commendable. We're long-term investors here, so while we have a bull and a bear for 1999, this week both are long-term market advocates.
However, we have a Duel to settle and this time -- as the confetti falls and the bubbly flows -- Bill Barker (TMF Max) and Rick Munarriz (TMF Edible) cannot seem to agree on which way the market is headed over the year ahead.
So please join us. Bulls, bears, and every critter in between is more than welcome!
You Get to Vote!
Once you've read the arguments and the rebuttals, it's your time to cast your vote. We'll tabulate results each week and revisit them from time to time to see whether you were right! As always, we invite you to join us in the Dueling Fools Message board to continue the duel.
[Any suggestions, comments, praise, or flames, please send them along to the Dueling Fools Team.]
Rick will have us believe that after we finish going out tomorrow night, finally able after all these years to truly "Party Like It's 1999," that there soon afterwards will be a hangover to endure after the long and glorious party that we have all been enjoying for so long.
Last I checked, all big, blue and beautiful, the sky is still there. It's not falling. I may be a little chicken about the stock market come 1999, but I am no Chicken Little. So, no matter how critical I am about to be over the prospects of equities in the year ahead, remember that in the long run you will be hard pressed to find a better place for your money than in the stock market.
Results for last week's Toys "R" Us Duel
|I can't make up my mind||
|TMF Edible's Bull argument||
|TMF Yi-Hsin's Bear argument||
|They were both excellent||
|They were both lame||
Call Your Boss a Fool.