Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Ounce who wrote (5809)	5/24/1999 8:27:00 PM
From: William Peavey	Read Replies (1) \| Respond to of 9818

Academics used to pontificate that the stock market anticipates the future by six months. Apparently the problem's going to hit at the end of November rather than January 3rd. (vbg) When you think about it, it took a lot of courage for these analysts to actually mention in print that they were concerned about ramifications of Y2K. The "what me worry?" mindset on Wall Street, a simple result of an industry not wanting to precipitate its own demise, has been extraordinary so far this year. Bill Peavey

To: Bill Ounce who wrote (5809)	5/26/1999 11:21:00 AM
From: Bill Ounce	Read Replies (1) \| Respond to of 9818

USAToday -- Happy 2000 Got cash? usatoday.com [...] Fearing a Y2K-triggered market meltdown, many investors say they're planning to move money out of the stock market in the coming months. Some are moving it into bonds and money market accounts; others are stashing it in coffee cans and sock drawers. A USA TODAY/Gallup Poll earlier this year found that 55% of those surveyed believe it's likely banking and accounting systems will fail because of Y2K-related problems. For that reason, financial analysts are warning that the fourth quarter - historically a bumpy period for stocks --could rattle even the most stalwart of long-term investors. "There is every reason to believe that there will be significant turmoil in the market" during the fourth quarter, says Harold Evensky, a financial planner in Coral Gables, Fla., and author of Y2K and Your Money. "There are fundamental reasons, and there are emotional reasons." [...]