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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: EL KABONG!!! who wrote (1910)9/7/1999 10:12:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 3543
 
Kerry, what you say is basically true...i.e., the (correct) perception exists that U.S. companies are far better prepared for Y2K than their European counterparts, not to mention the Asian ones. however, the global economy is highly interdependent, and the whole chain is probably as strong as it's weakest link, something i believe European institutional investors are well aware of. therefore, if there is going to be a 'flight to quality' it is more likely to benefit treasuries than U.S. equities, with the possible exception of sectors considered as defensive.
i highly recommend the following read on Y2K and tech stocks(not really related to your question about capital flows from Europe, but rather a general review of where the stock market stands vis-a-vis Y2K). you have to go to the bottom of Fleck's market rap and click on the link "following page" to get to the proper article.

stocksite.com

and my own views re. Japanese capital flows:

Message 11157618

regards,

hb