LOL....I am married to a "little guru out of Devry" as you say, and Y2K is beginning to be quite a nice little thing for him. I think its the COBOL people who can name their price right now. (Going rate for Tom now in Atlanta is $310/hr.)
I read somewhere not too long ago that AT & T has budgeted some 3 Billion for Y2K and has spent less than 10% of it so far.
As for Y2K itself, I think there will be some minor problems, but nothing to the magnitude we have heard.
I'm not hoarding canned food and rolls of toilet paper in my basement, and I am definitely not pulling out of the market, although I may pull a little profit in the third quarter. My brother in law has been working on Y2K stuff for our utility company for several years now, and I am pretty sure the lights won't go out (at least not in the South) on New Years Eve. But, on the other hand, I probably won't be flying anywhere on New Year's eve either.
I don't think there will be much of an impact on trading in general. Afterall, Y2K is something that people knew about several years ago. Most of the software (and hardware) that has been created for online trading was/is designed after online trading became the "in" thing to do, hence after everyone knew Y2K may pose some problems. Most of it is probably already Y2K compliant.
If anyone screws it up tho, it will be the government, so I guess we will all just have to wait and see.
JMO,
Binder
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