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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (15434)	4/2/1998 11:43:00 AM
From: Bill Ounce	Read Replies (2) of 94695

Expect the Unexpected: Why the Value of the U.S. Equity Market will Decline by 25% to 30% by the End of 1998 due to the Year 2000 Issue y2ktimebomb.com [...] We see market corrections beginning in 1998 because critical deadlines have been established for companies working to reach Year 2000 compliance. The Federal Reserve has mandated that banks and financial institutions have their systems ready for testing by December 1998. Many companies and municipalities have also adopted this date. With testing starting by 12/1998, organizations will have one year to test their compliant systems and seek verification. Discounting this event six months, investors should seriously take note during the second quarter of 1998. [...] When investors finally realize and understand the financial implications of Year 2000, financial assets will be revalued to reflect the Year 2000 risk factors inherent in the business enterprise. Will investors willingly continue to pay 20 or 30 times earnings for a company that can not ensure their mission critical systems will be ready for testing by December 1998? We believe they won't and would advise investors to begin developing a financial strategy that protects assets and is responsive to opportunities in the market. Investors should note that the Year 2000 issue will be a financial factor well into the next millennium, so there is a need to develop both short-term and long-term expectations. [...]

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