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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Mitchell who wrote (31454)	7/15/1999 9:34:00 AM
From: Proud_Infidel	Respond to of 70976

Mitchell, You race motorcycles but are afraid of Y2K?!?!? IMHO, it will be a non-event and would never make(or abstain from making any) big bets because of it. Best of luck to you, Brian

To: Mitchell who wrote (31454)	7/15/1999 1:16:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 70976

I think everyone should have an asset allocation that lets them sleep at night. No one ever went broke taking profits, that's for sure. A slump on Y2K fears is certainly a plausible scenario, and if there is, I intend to be in there buying with both fists, as long as non-Y2K factors remain bullish. Why? Let's fast-forward to next February 1st. What are we likely to see at that time? My prediction: There will have been some glitches in the U.S., and a few disruptions, and maybe some isolated cases of hardship around the world. The sun will still shine, plants will still grow, and human beings will still have the ingenuity and the will to find work-arounds for any problems that remain. But most importantly, by that time, 99% of the problems will be known. As soon as that fact sinks in, I expect a huge relief rally. Far more dangerous to the bull market, in my opinion, is the possibility that our politicians, in their efforts to get elected, will have their hands in the cookie jar, running up the deficit again.