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To: R. Martenson who wrote (70956)	10/9/1998 9:41:00 AM
From: Walt Corey	Read Replies (1) \| Respond to of 176387

Certainly people react to fear. If it is true a huge percentage of the tech stocks are driven by 401(k) money AND employee's saw, or perceived they saw immenent melt down, they would have (did) pull their money out of the mutuals and into bonds (big mistake) or money markets (bigger mistake). Once these people realize the mistake they made they will re-invest into the growth funds again. It won't take long before they realize they bought high and sold low. What will happen in the shake-out is the money will be re-invested into surer bets. Alot of the really speculative stocks will lose. I believe DELL and others will be the recipients of this re-invested money. I could be wrong but a fundament precept is people are greedy and their early retirements and vacation homes and kid's college educations won't be realized in the bond or money markets. The money won't be out of high tech stocks for long. THIS IS A BUYING OPPORTUNITY, NOT A SELLING ONE. -Walt

To: R. Martenson who wrote (70956)	10/9/1998 10:05:00 AM
From: K. M. Strickler	Read Replies (1) \| Respond to of 176387

RM, IMHO -there is a distinct possibility of a 'serious' problem with the Y2K problem, but let's consider -- Part of the problem is that the failure mode of the 'system' is NOT KNOWN at this time, and consequently, everyone is running around predicting all kinds of failures, which might or might not occur! All of the questions WILL be answered on January 1, 2000! At that time all will know where the effort has to be applied! Worse case, you are correct, camp stoves for all! But for how long? Major infrastructure failure will be addressed immediately with all available effort, and actually, IMHO, corrections and work arounds will be in place in a fairly short period of time. After all, at that point, the problem is readily identified! When some of the communications satellites fail, the work around will be back to 'land lines', and the system will be in overload, but functioning. Depending on how much data speed increases, and if the I2 (Internet 2) is functioning, the glitch may be smaller than currently expected. If the 'nuke' power plants go 'offline' (as expected), there will be a decrease of 20% power, which will mean 'brownouts' or 'revolving blackouts'. Definitely a 'problem' but survivable! Again, solutions will be found since we will be able to see where the failures are! This could be offset by a small portable generator and stock of fuel acquired prior to the event, if desired. Food distribution may well be interrupted for several days, but 'you' the astute observer will have a supply of food and water to take care of your needs, while the distribution system 'comes back on line'! I suspect that could take a couple of days for the 'work around' or 'fix' to be installed. Travel may well be curtailed temporarily as refineries come back on line, if in fact they fail. Again, all stops will be pulled out to get this back online. Airplanes that were grounded until the date change will have to be tested and fixed if failed. Just a 'bump' in the road! As for the markets collapsing, the bump may be so rapid as not to amount to much! If you suspect that it may be more, exit the market in the middle of the summer 1999, and wait for 2000. Somewhere in here there will be a buying opportunity, but I certainly wouldn't know how to predict this one! In short, prepare for the event, don't react to it! Regards, Ken