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Technology Stocks : Discuss Year 2000 Issues
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To: paul e thomas who wrote (2005)6/20/1998 3:09:00 PM
From: paul e thomas  Read Replies (2) of 9818
 
Y2K RECESSION THREAT

The number of news stories about Y2K continues to rise exponentially. There is a very different tone as people are now starting to accept there will be economic damage .The focus is moving to how can we minimize the damage.Congress has agreed to making sure that sufficient funds are being made available.Congress is recognizing that the Treasury Department computers that issue checks may be the weak link in the Social Security System payments.I am rapidly becoming of the belief that a recession will be triggered by Y2K concerns well before 1/1/00.I believe a stock market decline will precede the broader economic decline by at least 3 months.I don't know how to forecast in advance a market decline. I plan to use a market timer I have learned to respect for that purpose. The indicators I personally follow are still headed down.I am out of the market except for a fund that shorts 40% of its portfolio plus a large investment in IMRS which I believe is undervalued.
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