Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: C.K. Houston who wrote (523)	11/25/1997 1:38:00 PM
From: Skeptic	Read Replies (1) of 9818

Most of your questions and comments are addressed here. I highly suggest you [click] on links, if only to read headlines & summaries. Cheryl, I've been reading all of this stuff for a couple of months. Most of these stories implicitly describe failures that would occur if Y2K happened today. The fact that someone has detected the problem makes it very likely that it will be fixed. More bad news today means less bad news in 2000. What if everyone on the planet was fully aware of the extent of the problem and the potential economic ramifications. Could we muster the resources to avert disaster? This may not be as far-fetched as it seems. It just has to hit home. If the stock market were to suddenly discount the probable economic impact of Y2K (maybe a 50% drop?), we would instantly have everyone's attention. How many people knew that there were problems in the Asian economies a month ago? How many know today? Wall Street's vision is focused on the next year, but two years out is just entering the periphery. Its just a matter of time.

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