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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (40271)5/27/1999 2:32:00 AM
From: Mephisto  Read Replies (2) of 94695
 
We have not been that worried about Y2K problem here ~ at home. Or I should say housemate has not been that worried. I have asked him about it.

On the other hand, the Y2K issue troubles many people in the US.

I have read that serious problems may occur abroad. In one article, the writer reported that HK should be okay, but the author said that other major areas in China are not prepared for the year 2000. He stressed that the US could be pushed into a recession because of international trade problems that may occur if a foreign or US company can not do business.

So, if companies are unable to conduct normal business, you would think that major international banks would also be affected.

Is this why the big, international banks were downgraded to "sell?"

M..................
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