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


To: wooden ships who wrote (5949)7/14/1998 11:21:00 PM
From: Lars  Respond to of 42834
 
Truman,

I just read a y2k article. Interesting how Germany, Japan and Russia are supposedly laggards in compliance. I think a key point is not if Wall Street and corp's are fixed for the most part. What about telecommunication, gas and electric companies as well as small companies that have major impacts in certain sectors of the economy. Two friends of mine have had trouble with credit cards. The response given to them was we are having trouble rewriting the code. Could this be true? Interesting at least.

I heard an interesting interview on a local radio station. I don't know if this is true or not but....the guy said that certain airlines have already stated that they will not fly on the day before or after. I think KLM was one. The gentleman also mentioned that if only 1 in 4 airplanes decide to stay on the ground that there will not be enough parking space. I thought this stat was staggering assuming it was true. He said that if American or United decide to ground planes that we would be at 1/3 of the total fleet I believe.

Have you heard anything about this? I found it interesting.

One thing jumped out at me from the articles I have read. I am not an expert on the subject but I will say this: generally the politicians interviewed say things are ok but the computer experts usually have at least some concern.

I know I am taking some precaution just in case there are even minor disruptions. I witnessed the heard mentality about 15 years ago when the truckers went on strike. Within two weeks shelves on the grocery store were going bare. No one expected it. I would rather be safe than sorry, esp. in the middle of winter here.

Lars