Kevin,
First, "I've thought about hiring myself out as an expert witness in what companies should have done...the money is great! $3,000/day" You can't argue with that kind of money.
Second, "After all in Southern California, we should have that all the time
with the earthquake risk." I'm sure your aware of the recent new fault discovery under LA.
Back to the topic: You're covering actual Y2K problems, and associated litigation. I was basically referring to mob sentiment about how bad it MIGHT be. Will people take money out of banks, markets, etc. in preparation for Y2000? How much, how fast? I don't know how to gauge it. Maybe the world will be feeling pretty good during the latter half of 1999. Do you think there is any possibility, though, that someone will come out will some dire prediction (unfounded or not) that the public will buy into? Defensive early warning systems may hiccup and cause a false alarm? (Are you involved with any of this)? Hackers load up major computers systems to trigger at Y2K just because they could? Terrorists threats (nerve and / or chemical which Clinton and CIA are now predicting for our home soil) escalate?
I'm NOT into disaster scenarios. But, I'm sure we've all seen how people panic at certain threshholds. Y2K does not seem to be factored into the market now. Although I've heard arguements that Y2K could be GOOD for the technology sector (required upgrades, etc.), I think the downside risk is much greater.
Rob |
