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

To: hdl who wrote (9496)	12/23/1999 10:03:00 AM
From: flatsville	Read Replies (1) \| Respond to of 9818

hdl-- I am not a licensed investment advisor. I am aware of at least one investment botique that makes it their business to keep close tabs on remediation news and advises their clients accordingly. See millenniuminvest.com Remediation status abroad (as well as here) is largely self-reported. It varies widely on a country-by-contry basis even within the same geographic area. (See reply #9477 on this thread.) Dependencies on ill-prepared countries could have significant effects on better-prepared countries. Even claims made by countries that they have little computerization and are therefore "immune" to y2k could well prove false if a trading partner that is computerized takes a hit due to bad remediation in the government or private sector. Poor remediation in the oil sector, the real wild card IMHO, may hit all parties. I personally think a hedging strategy to mitigate the downside risk is a good idea. Which hedging strategy is best is debatable and probably best determined by a professional that knows your portfolio and tax situation. I agree that U.S. indices are overvalued...obscenely so. Take heart. This market may get a whole lot cheaper by about the middle of the first quarter. Good luck.