Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: flatsville who wrote (5567)	5/24/1999 1:18:00 PM
From: Christine Traut	Read Replies (2) of 9818

I'm responding to your post of April 20th, which was the first known sighting of Wall Street taking Y2K seriously. (a Jim Cramer column from TheStreet.com). I am just getting the feeling that today's little Net and tech stock correction is another sign. Between 60 Minutes and Credit Suisse lowering a bunch of banks to 'sell' ratings today....could be the start of our Y2K fear correction. Here is another excerpt from today's TheStreet.... thestreet.com <Jim Herrick, managing director of trading at Robert W. Baird in Milwaukee, said he'd heard a rumor Prudential Securities chief technical analyst Ralph Acampora downgraded Internet stocks today. "That's why we're seeing this tumble," Herrick said. "Two sectors that have led us are letting us down. Throw in the Y2K issue -- a reason for the [Credit Suisse First Boston] downgrade on some money-centers -- and it's carried over" into the broader market. >

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