Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who wrote (5013)	5/17/1998 3:35:00 PM
From: dougjn	Read Replies (1) of 42834

My guess is that Y2K won't have all that many effects on the market for very long. I do imagine at some point in mid 1999 there will be an anticipatory sell down blamed on the issue, as well as very probably one on the eve of 2000. But I don't think the actual event will be so horrible. Yes, I do think there will be lots of glitches. But I think we will muddle through. And I just don't think it will create too much deep fear and panic. The reason why is that its a well known and containable issue. Probably some smaller and medium sized banks will screw up and maybe fail as people move to remove money from them. The Citibanks of the world, who have been working on the problem hard for a long time, are gonna benefit. Anyway, whatever the short term dislocations, people will just believe it will get fixed, and not that it will get worse, and worse and worse. My guesses only, based on popular US psychology, as opposed to any precise prediction as to just how widespread the glitches will be. Doug

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