Y2K (Year 2000) Personal Contingency Planning Message Board

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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning

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To: C.K. Houston who wrote (158)	4/21/1998 2:16:00 PM
From: Christine Traut	of 888

Cheryl: As usual, you are ahead of the game. Waiting until the summer of 1999 strikes me as overly optimistic. I agree that the 'perception of failure' can set off a run on banks, dumping of specific stocks....etc. I think that there will be market segments affected by Y2K before any general correction. Last week's article on Merrill Lynch's plans to cut off business with partners who fail their tests this summer.... news.com begins to define the stakes. You will start to see a 'corporate quarentine' phenomenon because 'dirty' transactions coming in from someone else's systems can cause a crash in yours. In addition, the US banking regulators are having all banks evaluate their loan portfolios for Y2K risks. If companies start getting their loans called - that should get the stockholder's attention. Finally, we are probably all underestimating the power of the Net here. While we all know to check any information we see here - the power of concerned (and knowledgeable) individuals in the on-line world will definitely keep information in the public domain. For instance, how many of us are checking our on-line brokers to evaluate their Y2K readiness?

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