Richard, That is why I said that with $3000, you would have to forego the thirds approach in 90/10, and diversification. And, you cannot even use an industry index like XCI or SOX because the initial premiums are too high. So, yes, you could spend a lot of the year sitting on your hands.
I don't see the enterprise software cos. doing well out of Y2K, and, so far, they certainly are not. If the old software is not Y2K compliant, I think the customer has a nice lawsuit with a minimum of free replacement. These guys don't have the excuse that mainframe producers have that they never thought the year 2000 would get here. Basically, cos. are going to have to ensure that old systems do not compromise operations and the enterprise guys, with their new apps will be holding a very high number at this deli. They will be low priority in a year when cash is scarce as most mfg. companies.
Your last sentence reminds us why the guys at the grocery store do not accept relative dollars when I pay my tab. <G>
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