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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.89+0.3%Dec 3 4:00 PM EST

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To: Gary Wisdom who wrote (23054)8/14/1999 11:22:00 AM
From: Jorj X Mckie  Read Replies (1) of 99985
 
Gary,
Though I am not a software engineer, I do work in networking equipment industry. IMO, the 9/9/99 glitch is a red herring. This "date" is considered a candidate to be a problem because "9999" was often used as a code to mean "end of program". What is important to note is that where that string of numerals is located in the program script is as important as the actual string of numerals. Think about it, do you think that September 9, 1999 is the first time that four 9s have been strung together in a data field? (How many things are priced at $99.99?). Further, even with the two digit date codes used, September 9, 1999 would be entered into the field as 090999, not 9999.

I do think that the Y2K fears are a big part of the current market conditions #reply-10494164 However, for the most part I believe that it is the "fear" itself and not the actual Y2K issue that will be the problem.

Also, I didn't see anything that implied that the problems at WCOM had anything to do with the "Y2K" problem. They were doing a system upgrade that ran afoul. Even if the upgrade was to address a Y2K issue, that doesn't mean that it was a "Y2K" problem. It means that the upgrade itself or the procedure had the problem.
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JXM
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