| An SI Board Since July 1997 |
| Posts |
SubjectMarks |
Bans |
| 14 |
0 |
0
|
|
Which market instruments and indicators do you think may best show that investors are starting to discount the y2k crisis? What indicators do you think will best signal that investors are getting concerned that there really my be a crisis and that they should take steps to protect themselves? Will it be an unexplained rise in commodity or gold futures? Will it be reflected in financial or other futures? What do you think will be the best indicators to show that investors are starting to take notice that a "storm" my be brewing?
If I had as much money as some of our company CEOs and major stockholders, and I thought it prudent to have a rainy day cache, where would I put it? I would ask myself whether bank accounts, brokerage accounts, company stockholder lists, insurance policies, retirements, bonds, or if any financial instrument is safe. Even if safe, if perceived to be unsafe, withdrawals and "runs" on financial institutions could becoume a "self-fulfilling-prophesy".
When I see article upon article saying how big, costly, and complex conversion may be; how few resources there are to go around; how universal the problem is; and how little time there is for even 40% of the thousands of governmnets, companies, and financial institutions to meet deadlines, - I sometimes think of the old adage - that in trying to become y2k compliant we may just be "straightening the deck chairs on the Titanic".
On the other-hand, when I look up at the sky, I can see no evidence that it is falling, and furthermore I will probably not know the concequences if or when it should hit me. When (in my version) Chicken Little was running around telling the dinosaurs that a large meteor would wipe them out, it would have been nice to have a few telescopes.
I am interested in you comments on warning signals.
|
|
|
