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FWIW I agree with your comments. This may be one of the best "buy
the rumor, sell the news" opportunities of all time.
I subscribe to TBSP for end of day data. A few months ago they
announced that they would be shutting the server down for 48 hours to
convert their data base and programs to Y2K compliant. One hour later they
where back up and sent a message that they where astonished at how easy it
was.
All credit card processors are now Y2K compliant, and I suspect most
banks are too, as are all newer computers. Imbedded chips, including those
in cars, do not generally require a date function, any one that does must
have a battery back-up (such as the one in your computer). So if a device
does not have a battery back-up it is safe. The good news is the IRS may
crash {;-)
No doubt there will some disruptions someplace, but who cares if
both phones in Ethiopia go down?
As far as investing goes, I would be looking to short Y2K companies.
Good luck and good trading,
Ray Raffurty
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, October 20, 1998 2:36 AM
Subject: Re: Y2K impact?
>Although this looks impressive and I am taking some prudent precautions
>myself, this reminds me of the oil fires in Kuwait after the gulf war. Some
>experts said that the fires would burn for years causing tremendous damage
>to the ecology of the whole planet. It was solved in less than a year as I
>recall. Seems that some always underestimate man kinds resolve to get a job
>done. I don't want to get into a re-hash of this long a controversial
>subject but I do think that there will be some problems.
>
>Brent
>
>----------
>> From: Mark Jurik <mgj@xxxxxxxxxxxx>
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Subject: Y2K impact?
>> Date: Monday, October 19, 1998 11:17 PM
>>
>> What effect will Y2K have on the markets?
>>
>> Here's a collection of report summaries posted elsewhere.....
>>
>> - Mark Jurik
>> ------------------------------------------------------------------------
>
>> ----------------
>> The Social Security Administration has 30,000,000 lines of code to fix.
>> Four hundred programmers have been working on the problem since 1991, and
>
>> had only fixed six million lines after five years of effort. The
>Washington
>> Post
>
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