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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (12641)	8/8/1998 10:40:00 PM
From: sibe	Read Replies (1) \| Respond to of 13949

Oprah has already done a segment on Y2k. One member of the audience suggested running up credit card debts in late 1999 in the hope that the bank records will be all messed up to collect in 2000.

To: Jeffrey S. Mitchell who wrote (12641)	8/8/1998 10:48:00 PM
From: sbic	Read Replies (5) \| Respond to of 13949

I'm new to this thread. I manage money for my clients using hedge funds and many of my clients, both sophisticated investors and unsophisticated, have called me over the last couple of months and asked me what I'm going to do about Y2K. They're scared and are thinking about pulling their money out until the dust settles. If my clients feel this way now, what about a year from now? Here's what I know. I know the problem will not be solved by 12/31/99. The U.S. will have problems, especially the government. Foreign countries will have bigger problems. People will want to go to cash. A guy with $1 million will have to go to 10 banks to get protection from the FDIC. But he doesn't want his money in a bank because he doesn't feel safe there. He will want cash, or something just as good. He can't go to Swiss Francs because Switzerland will have problems too. What can/will he do? Mr. Average Joe will want some cash because of what he hears. Let's say 100 million people want $3,000. That's $300 billion in cash. There's only $500 billion in cash now and half of that is in South America or Russia financing drug deals. I can see lines around the corner of every bank and potential panic, trying to get cash that isn't there just based on the few articles my clients are reading now. And what will happen to the stock market when people don't know for sure what will happen? Say all the Average Joe's say, "Well, I'll just take half out." Half? Crash. More panic. So I thought, what's the only sure place to go for safety? Where does the millionaire go and where does the Mr. Average Joe wind up going to save his next egg? There's only one answer and it's not Y2K stocks, it's --- gold. I see gold going to, where? $1,000? $2,000 in a panic? It will be short term but with leverage the profits could be huge. Wait for the move to start then ride up futures and/or options contracts and sell mid-December 1999 and buy the metal, shorting the future to protect profits. When it all unwinds, I still have my profit. So, what's wrong with this argument? SBIC

To: Jeffrey S. Mitchell who wrote (12641)	8/14/1998 11:34:00 AM
From: John A. Keyes	Read Replies (1) \| Respond to of 13949

Several of us in the Y2K community have been working to get Y2K on the agenda of the national media. Since my appearance on the Oprah Winfrey show, I have been back to them regularly with hot news items and suggestions for panelists (Yardeni, Koskinen, Cowels, Grabow, Capers Jones, Martyn Emory, Robin Guerneier and others. We've all been pounding on the news agencies. They'll be coming around soon I suspect.