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

To: John Mansfield who wrote (2649)	10/4/1998 4:02:00 PM
From: Caroline	Read Replies (1) \| Respond to of 9818

Thread, Would any and all being willing to comment on the pullquote on this page? pathfinder.com I am a programmer, and I find it very, very hard to believe the network went down because of a a y2k bug. I looked for a way to write to Money magazine online but couldn't find one. It's not plausible that a bad data error would take down the whole network. Comments welcome, CB

To: John Mansfield who wrote (2649)	10/4/1998 10:56:00 PM
From: Ruyi	Respond to of 9818

John, As you are aware Merrill Lynch not long ago released a Y2K research report down playing the Y2K problem. Now it turns out, Merrill is a big loser in the LTC hedge fund crash ($2.8 billion apparently). I'm still wondering how much of that report was self-serving. Merrill, it appears, was heavily hedged with an interest to keep gold low and protect their hedged positions (contain panic). The report came out just about the same time Clinton made his first Y2K speech and other high profile Y2K news was breaking. The report appears to have had the effect of knocking Y2K stocks down creating an atmosphere of complacency in both gold and Y2K and allowing other stocks to rally. Merrill, as it later turned out, was also unwinding large equity positions (as they stated in a subsequent report) and was apparently shorting gold through LTC. Any thoughts?