Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (978)	1/19/1998 9:21:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 18691

Ron, perhaps the reason you haven't seen Y2K "widely discussed" (could've sworn I'd seen at least a couple stories a week on CNBC for a while last year) is that the problem isn't as big as the systems consulting/Y2K gurus would like us to believe. In fact, there was a story today on either CNBC or ABC, I forget which, about a company started by a guy that predicted the problem way back in 1970-something. He has developed a fix for the problem on the big mainframes everyone is afraid will go wild; the fix being add-on software, does not require expensive reprogramming of the systems. Sorry for the lack of details; just caught the story in passing and didn't write down the company name. Someone on this thread discussed an apparently very overpriced Y2K stock recently, ACLY. If it is representative of the group, I'd say the problem was getting too much attention, not too little. And I really doubt that the leading financial institutions in this country are going to leave whatever problem there is unaddressed. I think you are right though that the market is headed south and that it'll take at least another Q to see the real "flu" symptoms. If we manage to avoid a recession here, a move that brings the trailing PE on the S&P back into the teens would be enough to shake out the excesses and rebuild that wall of worry. That'd be 15% or so from the current level of the S&P. With a recession, that's another question and not an impossibility. Regards, Bob PS: It's not a "bug". They Knew what they were doing when they designed the systems that way.