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To: Roger A. Babb who wrote (24103)	10/25/1998 3:12:00 PM
From: Hawkmoon	Respond to of 31646

But maybe we will get lucky and a y2k market panic will create the buying opportunity of the century in late 1999. Well Roger, I certainly can't disagree with you on this point. However, I completely disagree that Y2K is not a serious issue, the repercussions of which will require companies to assess, remediate, and announce their compliancy. They will have to do this solely for the sake of maintaining confidence in their business continuity. And if you failed to note the ABC nightline comments where Mr. Koskinen explained that some 50% of foreign countries lack any comprehensive program for coordinating management and resolution of Y2K problems, I think all of us would be foolish to ignore the psychological, as well as physical ramifications of this fact. It didn't take a Y2K event to plunge the world into depression back in 1929. It occurred due to similar deflationary syptoms as the present global economy is displaying. But if you throw in the uncertainty of a Y2K infrastructure breakdown (with the financial repercussions that implies), it is difficult for people not to adopt a "survivalist" mentality. It won't take a massive collapse of infrastructure to cause a breakdown of global consumer and business confidence. It's happening right now, and Y2K will merely be one of the final coffin nails. JMO (and I grant myself the perogative to change my mind as events develop... :0) Regards, Ron