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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: JDN who wrote (8234)1/2/1998 4:36:00 PM
From: E  Read Replies (2) of 31646
 
Listening to CBS on the car radio today, I heard a short piece on y2k and credit cards. (Actually, y2k is everywhere now. It's what I thought would happen after the Yardeni interview on CNBC's Power Lunch two weeks ago. I think that was the moment the general media caught on that there was a Big Story here to cover.)

The CBS radio piece today said that already some Visa and MasterCards are starting to be refused because their expiration dates fall after 2000. This is a problem only in certain areas of the country, because only in certain areas are Visa and MasterCard issuing those cards, they said. They said that most retail establishments would be able to handle cards with a post-2000 date-- but not all of them.

There's an agenda not to alarm the populace, I think it's clear. Every time you hear that there is a serious impending problem that damn well better be attended to, you hear in the next breath that MOST systems will work just fine. It's probably true,(though "most" isn't as reassuring as they imply), and a responsible policy, since one doesn't want the scenario Yardeni mentioned as a possibility to unfold --everybody getting nervous in anticipation and the nervousness precipitating a 1999 recession-- and isn't negative for tpro. They can be as soothing as they want, the problem is looming and Yardeni has woken everybody up.
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