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.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: bobkansas who wrote (9147)	7/7/1999 1:34:00 AM
From: Rande Is	Respond to of 57584

Bob, I will be the one buying up all those bargains on Dec. 31, 1999. Certainly I believe there will be problems. . .but not affecting everyone, generally not connected one to another and certainly not devastating to a point where it will cause panic, crashes or anarchy. . . .[though I am already 80 percent prepared for all of the above] I was amazed at the SMALL number of crashes on important dates leading up to Y2K. . .like 12/31/98 into 1/1/99 . . . many were expecting some big crashes then. . . didn't happen. Then there was April 1, 1999 when we moved from first quarter into second. . . accounting programs were expected to look ahead one year and not recognize the first quarter of 00. . . but somehow it did. . .and corporations did not crash. Next is 09/09/99 . . .where many have said the nines represent "stop". . . I don't buy it. In the date field, it is a date. . .NOT a routine to make the computer stop. There will be some electric off in a county somewhere in Wyoming. . .and another in Mississippi. . . there will be no water in a town in Arkansas and 911 will go down in several towns in West Virginia. . .but no jail cells will mysteriously open. . . elevators will not stop working. . . . television will not shut down. . .and most importantly. . . these problems will not be tied one to another, in my opinion. I would not be flying then however, as the FAA has serious problems that cannot be addressed in time. But I doubt planes will crash. . . though they may get re-routed. . . you could end up in Baltimore instead of Philadelphia. I doubt trains will find themselves on the wrong tracks. There is too much preparation for any of this to happen. So. . . I DO believe that there will be some panic before Y2K. . .mostly in bank runs. . .and the fear perpetuated by Hollywood and the media. . .I think there are 3 end of the world type movies slated for Christmas release 99. . .that deal with Y2K. There will certainly be fear. . . which does drive the markets. . . . .I don't think we will see nearly the sort of sell-offs that some expect. I think any money removed will occur over the course of December. . . . . . . .then come January 2000 when everyone sees that most everything is working, we will see perhaps the biggest single month gain in market history. Rande Is