Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: C.K. Houston who wrote (6063)	6/19/1999 11:37:00 PM
From: Puna	Read Replies (4) \| Respond to of 9818

STOCK MARKET CRASHES AS Y2K HITS HOME! >Could this be the financial headlines in the coming months? -Or will it be more like- MODERATE SELL OFF AS Y2K SWEEPS MARKETS Along with perhaps: BANKS FUNDING LOCKS UP/BROKERAGE HOUSES DOWN Who really knows the answer to these possibilities? I have only recently become concerned that my stock investments may be in a precarious position as the first wave of Y2K reality in the Market place looms closer. (or is it already here?) In this way I guess I'm being selfish, greedy and looking at this potential threat the same as I would any other variable that affects stocks, but how do we factor in this one?! I know I'm not alone on this, and this latest 50% correction in the Tech/Nets got me thinking-what if… I have always lived close to the land. Grown my own food, canned fish, lived off the power grid, done my own repairs, been quite self-sufficient. At 48 I continue this course and therefore I'm not concerned for my family, we will survive any big disruption, we hope. This will no doubt also hold true for those people around the globe who till the soil and have a community of similar support already thriving. The remainder, and that's a lot of people, may undergo a few challenges; and I hope we can help each other through whatever comes of this Y2K thing. Meanwhile my North American greedy and selfish concern lays with How to navigate a stock portfolio that is primarily intended for the long term growth of each company in a Y2K climate. Never been done. From all research I have read so far, there will be some varying degrees of serious problems as a result of this missing digit, some sooner, some later (like oil reserves). But if we can, lets narrow the focus to how this will directly affect the stock market and my portfolio. OK yours too. Questions that come to mind at the moment are: >What are the best and worst case scenarios Y2K could have on the Stock Market? >Will there be a sell-off of stock resulting from a real or perceived Y2K disruption? (Many analysts believe it will be huge, some are even recommending to sell all stocks by fall) >If so in which stocks and in what months? >Who would sell 1st? >How do we prepare for this? >What will be the first signs of real trouble ahead? And the2nd, >How can we take advantage of this y2k ‘correction'? (sell at summer peaks, buy in again when there is signs of stabilization?) >what will be the indicators to hold? >when will we know its time to get out? Or is there one? >and all the other questions that spring up. > Will the banks and brokerage firms be able to handle the potential of a major sell off and to what level? >Maybe when we decide it's too risky to hold our stocks and want to get out we may find we can't access the firms or they can't handle the volume because a panic sell-off has set in. Or or or…. Or maybe nothing will come of this and we will just ride on through into the next year wondering what all the fuss was about. I may be self-sufficient in many ways but I would like to still have that retirement stash growing and available later! So who has some insightful ideas or posts on this one? PS- I'm sure there has been many previous posts hashing through this, but to be honest I it is very time consuming reading through hundreds of posts & links, besides, I have to water my garden and orchard now (ggg) PPS-Thanks for the great research that so many out there are doing for these posts. esp. Cheryl & John Puna