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

To: Kirk © who wrote (5805)	7/10/1998 10:53:00 AM
From: Allan Harris	Read Replies (2) \| Respond to of 42834

Re: New Law How about a new law that says for every new law, ten old laws have to be repealed? Allan

To: Kirk © who wrote (5805)	7/10/1998 11:41:00 AM
From: wooden ships	Read Replies (1) \| Respond to of 42834

Captain Kirk: On Sunday, Brinker alluded to the Y2K problem as "a natural disaster which will occur at a known time" or similar. Though a conversation yesterday with a retired programmer and troubleshooter familiar with the antique languages inspired no- thing but dread regarding Y2K, it would seem that no one, not even Brinker nor anyone else, can foretell with certainty what events will befall us or how the world will have changed come 1 January 2000. On the other hand, as echoed here, "perception, to the markets, is all," and there is little doubt that fortunes can be made by gauging how the popular mind will eventually re- spond marketwise, prior to the turn of the millennium, to this oncoming "natural disaster." In any case, as this inevitable event carries with it the capacity of causing possible dislocations and anomalous breaches in the financial and industrial infrastructure and discordancy within the division of labor, prudence alone would dictate that preparations be made lest the worst possible case ensues. "Prudence," as often heard, "is the best insurance policy." If this Y2K problem yields but little bitter fruit, as we all hope, we can celebrate the wisdom of Samuel Johnson, to wit, "when any calamity has been suffered, the first thing to be remembered is how much has been escaped."