Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: CalculatedRisk who wrote (12408)	7/20/1998 5:24:00 PM
From: C.K. Houston	Read Replies (2) of 13949

<But what about government agencies? Hasn't Rep. Horn given the Federal Government an "F" for their Y2K efforts? Well, yes, he has ... and he is wrong. Anyone interested in the discrepancies between Horn's statements and reality can review the actual Y2K data at: cio.gov Everyone can see (except possibly Rep. Horn <g>) that the federal government has made tremendous progress in the last six months and that they have even accelerated their time schedule!> Since you have such an excellent grasp on "Year 2000 issues" issues and feel Congressman Horn and Ed Yardeni (Deutsche Morgan chief economist are off base on their perception of this problem ... what's your opinion on Senator Bob Bennett who heads the Sentate Banking Committee and his feelings on the severity of Y2K and impact on the ecomony?? I look at the issue this way ... I would LOVE & WELCOME that Y2K problems to NOT be as bad as I personally foresee them to be. I can take more personal risks than some. BUT ... when it comes to my parents (who are retired) and my sister with 3 kids under 16 ... I want them to be VERY conservative over the next year or so with their assets/investments ... *just in case. <Companies and government are now addressing the issue in earnest, and making tremendous progress.> Could you please provide documentation and/or links to give me some reassurance? SEC apparently is not as re-assured as you are, based on their recent house testimony and forthcoming plans. Besides "shorting" TAVA, I'm curious as to how you would advise your* parents to invest their money ... or some widow on a fixed income? I am NOT discussing TAVA here. I'm talking about the market in general, and specifically Y2K impact on NON Y2K stocks. If you DON'T want to discuss this further on TAVA thread ... fine with me. Since you're now discussing Y2K impact on global economics and recession ... instead of just reasons for shorting TAVA ... I would be glad to participate in this particular discussion ... perhaps the "Year 2000 Impact on Stock Market and Society" thread? There are many on both of these threads who are extremely well-versed on many aspects of Y2K - economic and otherwise and would enjoy debating you. Cheryl

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