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Strategies & Market Trends : Waiting for the big Kahuna
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To: robnhood who wrote (15509)4/5/1998 10:50:00 AM
From: Bonnie Bear  Read Replies (3) of 94695
 
RR: run on banks: hmm. I saw the mysterious plunge and after-the-fact Goldman Sachs warning of SDTI as a contrarian indicator. Security on the internet is an iffy thing, I can imagine a run on brokerages, not banks, as people are unable to access their brokerage accounts or find the contents missing one day through a y2k security breach nobody thought about. And then they find out that unlike banks, the brokerages don't have to give them their money back- most people don't read the fine print on their brokerage accounts with their attorney at hand. In a scene like this, people would be ripping money out of stocks and brokerages and racing back to CDs at their local bank.
I've been told that the Security Dynamics hardware-based encryption products are the only safe way of safeguarding against a widespread electronic meltdown of computer security systems, we have been increasing our use of them. IMHO SDTI might be a buy here for anyone interested in y2k plays.
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