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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (26559)	7/18/1999 7:32:00 PM
From: ed	Respond to of 74651

So, do you want to keep all your cash in the drawer at home or in the bank ? What if the bank record the wrong data due to Y2k ? <ggg>Well, if there is a y2k crash, then your paper money will be useless, because we do not have a financial system anymore after that , then why keep your cash ? Well, the y2k crash only happens in the movies, so , just calm down and do not worry !!!! What if everyone pull out their money from the bank ? Well, the banking system will hit the end . Anyhow , do not worry, this will only happen in the movies. People in the know know y2k crisis did not exist at all !!! The news medias trys to spread the fear, we all know that they are not responsible to what they reported at all, all the time !!! Especially , the American Medias, which always tried to manipulate. Just watch the CNBC ...etc !! All junks !

To: t2 who wrote (26559)	7/18/1999 9:17:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 74651

t2k, I am personally very familiar with people who have been "worried" about Y2K for a long time. I say "worried", because I believe some people simply enjoy a good crisis. And they come off as the benevolent prophets when/if Y2K bug causes widespread difficulties in everyday life (food/water/electricity shortages): Then these people who have bought the 50 gal water drums, generators, and freeze-dried food, etc., will be heroes. The problem with the whole scenario is that the biggest companies and most small ones have already fixed their y2k bugs. I get y2k pamphlets in my bank statement, with my natural gas bill, with my electric bill, assuring me that they have fixed and tested their systems for y2k. And people have become tired of hearing the y2k doomsayers. Most have already tuned out the entire subject, with eyes glazing over at the mention of it. JMO. What's not JMO though, is that I will have electricity, I will have grocery store stores with plenty of food, and I will be able to write checks off my checking account. I will have just as much water available as I ever did, and I will have natural gas flowing to my gas appliances and furnace. As Jan 1, 2000 draws very close, it's very possible that grocery stores may see a temporary draw-down of inventories, though the trucks will be rolling quickly to fill the gap. However, the markets have a mind of their own, often not related to public thinking. If joe and jane 401K holder decide to shift into cash to side-step the turning of the century, that could feed on itself like you say, as more people do it simply because more people are doing it, which causes more people to do it. I'll have some cash on hand myself, if only to buy good stocks on the cheap.