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To: Jim McMannis who wrote (94807)1/1/2000 7:45:00 PM
From: xstuckey  Read Replies (2) | Respond to of 186894
 
The problem is getting T/A programs to read the year 00 correctly.

Jim and All,

I confidently booted my 486 computer today, and, upon opening an application program, discovered that the date had rolled over to 1/1/80. The application wouldn't run.

I quickly changed the date to 1/1/00.

The application started running. I think the windows 3.1 program thinks Bill Gates' great-great grandfather was a genius, and I noticed that I had dated a handwritten check for a nearly past due bill, 1/1/1900.

Selah



To: Jim McMannis who wrote (94807)1/1/2000 10:52:00 PM
From: Tony Viola  Respond to of 186894
 
Jim, I don't understand the attitude. Perhaps guys like Yardeni caused most of the problems to be fixed well in advanced. I wonder
what would have happened if nothing had been done.


The Y2K computer problem was well identified and work started on it long before Yardeni and others got hold of it. I believe that he and others that jumped on the bandwagon and helped spread the fear that it would be a huge problem, caused many people that didn't understand that it could be solved, to needlessly sell equities this past year, missing out on the big runup. I know some. Every time I went by the business books section at a Barnes and Noble store this past year, I saw several book covers blaring about the ravages the stock markets would take from the Y2K bug. Now that I think about it more, Yardeni's feet should be put to the fire, like Robert said. This assumes businesses come up unscathed except for minor, fixable glitches on Monday. I just don't know how that might be done (feet to fire).

Tony



To: Jim McMannis who wrote (94807)1/2/2000 1:02:00 PM
From: Burt Masnick  Read Replies (3) | Respond to of 186894
 
Jim, the problem isn't that Yardeni identified the problem (he didn't) or that he publicized the problem (he did). The problem was that he predicted a virtual meltdown. He had all the same data as everyone else, but his interpretation was that there was going to be an economy shattering event there. There is a word for his kind of analysis. It's highly technical but completely applicable. WRONG! He was like one of those guys in the cartoons carying a placard saying, "The End is Near". He was the apostle of doom. He didn't help anything happen. My company was late to the Y2k party and they started in January of 1998. He is a typical example of someone who is expert in one area who makes judgements in areas out of their expertise. In other words, he was worse than clueless. That's why his feet should be held to the fire.