>>...we'll see good news everywhere. Really?
Ed,
I agree w/you for the first half of the year (maybe even until Sept/Oct). But there is a definite "unpredictable" factor with Y2K which will become more palpable towards year-end.
I'm not so concerned about software and hardware problems during the rollover, but I am concerned about general public hysteria (in a gradual, whispering kind-of-way). Throughout the year, you'll hear more press about the Y2K issue - e.g. survival groups, Asia failing to even start assessing/addressing the problem yet, etc., and some will shelter their money (others will commence with the Halloween shorts), essentially mulling over the "what-ifs" of ATM accessibility, fund availability, power availability, etc., which will ultimately (adversely) affect the market until Q1/2000.
I definitely believe some of your aforementioned good news will be cancelled in part by the Y2K boulder-and-chain. This sector is phenomenal, and I really don't like bursting anyone's well inflated investment bubble (including my own) but when the whole market gets slugged, so do we.
I'm now trying to figure out what my best options are if either, both or none of these issues pan out.
Regards,
Scrumpy
P.S. Now, don't go stashing a suitcase full of cash under your bed - CSCO needs it - and in nine months, anything can happen!! |
