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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Trebor who wrote (5464)	6/11/1998 6:47:00 PM
From: wooden ships	Read Replies (2) \| Respond to of 42834

Bob: "The stock market abhors uncertainty." This hallowed refrain has echoed from a time out of mind through the canyons and canons of Wall Street. That being said, it is difficult to imagine a more insidi- ous, thorny, and perplexing problem for the markets to assimilate than Y2K, or one more fraught with uncertainty. As Greenspan himself reflects: "This is one of the most unusual problems that economists have had to confront in a very long time because it's a single event without any history associated with it ... It refers to a degree of complexity in the way business organizations are put together which (is) difficult to make trans- parent." Regardless of the eventual outcome, be it felicitous or no, I can not help but think that the untempered uncertainty swirling about this millennial bug will not but cast a pall over market transactions going forward. Indeed, some might argue that the effects of such an uncertainty, though muted, are already manifest.