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.

Technology Stocks : Y2K (Year 2000) Personal Contingency Planning -- Ignore unavailable to you. Want to Upgrade?

To: John Mansfield who wrote (184)	4/25/1998 6:33:00 PM
From: John Mansfield	Read Replies (3) \| Respond to of 888

'it means the market can now fall 2,000 points in one day. ' 'In case you missed it IMPORTANT news from Friday: Friday April 10, 12:35 pm Eastern Time SEC approves new stock market circuit breaker levels WASHINGTON, April 10 (Reuters) - The Securities and Exchange Commission said on Friday it had approved new circuit breaker trigger levels for one-day declines of 10, 20 and 30 percent in the Dow Jones Industrial Average. The new levels, which go into effect on April 15, were proposed by the securities exchanges and the National Association of Securities Dealers to modify their rules on cross-market trading halts during extreme market volatility. The new levels were approved late Thursday by the agency. Full report here: biz.yahoo.com The government is finally going to pull the plug on this speculative bubble market.....removing the circuit breakers is the first step. Guard your profits...........;^) P.S. How come this has not been reported on CNBC?...it means the market can now fall 2,000 points in one day. Message 4043339

To: John Mansfield who wrote (184)	4/27/1998 10:10:00 AM
From: Katherine Derbyshire	Read Replies (1) \| Respond to of 888

>>Y2K is heating up and the consequences are about to destroy our present way of life.<< Nonsense. If hospitals start turning people out on the streets in large numbers, the public outcry will force government to act, probably by becoming an insurer of last resort for Y2K problems. A couple weeks ago, a long term care facility in the US started evicting Medicare patients because their insurance didn't pay enough. The outcry, which was minute compared to the scenario you describe, forced them to reverse themselves inside of a month, and several state attorneys general are investigating whether the facility (actually a chain) violated consumer protection laws. Like it or not, one of the things democratic governments do is rein in capitalist excesses. Make enough people unhappy, as massive shutdowns of hospitals will, and democratic governments will step in. Katherine