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

To: John Mansfield who wrote (1806)	5/15/1998 12:13:00 AM
From: Paul van Wijk	Read Replies (1) \| Respond to of 9818

John, There is only one way to really speed up Y2k-awareness; a major collapse of the stock-market. Let's all hope that this will happen as soon as possible. It is my experience that when the stock-market goes up, over 80% of the reports are explaining why the stock-market goes up. When the stock-market goes down, than you will see that analists start writing articles explaining why it went down. In other words, analists seldom have an opinion, they only explaining a trend after it changed direction. So my point is that after the collapse of the bourses world-wide every analists will start writing that the Y2k-bug is responsible for it. We can also be sure that people who have lost a great part of their money will take these articles for serious. It is a basic economical principle that it can take years before a product reach a 10% market-penetration. When the 10%-mark is passed than the period of rapid growth starts. It takes just as much time to go from 0 to 10 as it takes to go from 10 to 90%. It is my view that we are very close to the 10%-level. Paul