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Technology Stocks : Dell Technologies Inc.
DELL 140.16-1.8%1:06 PM EST
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To: jbn3 who wrote (49841)7/6/1998 10:42:00 AM
From: John Hauser  Read Replies (4) of 176387
 
Just a question to a lot of the folks on this thread because I respect your opinions.

A guy I work with told me something last week that is leading me to seek other opinions. It seems that a the guy running his investment club is a mutual fund manager who apparently has some insight about the Y2K problem. This gentleman has stated that everyone in his investment club should sell ALL of their holding by Dec. 31, 1998.

This gentleman said that whoever does this (and he recommends that EVEYONE do so) should then get their money in CASH, and put it under their mattress (so to speak) until Y2K "blows over".

I was camping this past weekend and was listening to the radio at 2 a.m. Friday and heard another gentleman discussing the same issues. This guy painted a scenario of global disaster (financially) stock markets crashing, cash rationing, and triple digit interest rates.
Not exactly settling stuff.

So, that leads me to my question. Which is "What do you folks think about y2K?"

I know that this is not a designated forum for such discussion, but there are a lot of people here who's opinions I respect.

Thanks in advance,
JH

p.s. My gut instinct is that if and when everyone bails out of this market in a panic, BUY BUY BUY. But what do I know?

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