The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  Re: y2k concerns Date:  10/7/1999  10:54 PM
Author:  TwoCybers Number:  733 of 19741

My spouse in responsible for y2k stuff at a bank so I do hear a good deal about it. Based on all the information I have my feeling is there will be some issues which if they are in your backyard so to speak will be "serious". I am not at all concerned about banks, stock markets or major stock brokers. When you get to the local stores that use electronic cash registers, that could be another issue. I suspect there will be some utility some place that will have a problem, but it will not take the engineers long to manually flip the switch. There probably will be gas stations and ATMs that will have not fuel or cash over the weekend. The banks will have cash and it will just take a few hours for the truck to bring out more. Fuel delivers may have to wait until the Monday or Tuesday after 1/1/2000.

With regard to stock prices, I think there will be factors which could have an effect. For example lots of people will get a few extra pills for their perscriptions. Many people are going to fill their gas tanks. Well when y2k becomes a nonevent in Januray these same people will buy less medicine and one less tank of gas. Although this does not sound like much, it is a lot. If say 10% of the population does it that is a very large portion of an average montly demand. There will be demand in the 4th quarter above average which will lead to business inefficiencies. Then there will be less demand in the first quarter which will lead to either less manufacturing or more inventory. None of this is a surprise to business. Their only problem is trying to guess how big the issue will be. If you could tell the air line exactly how many people would not fly on 1/1/2000 and how many "extra" people were going to fly each day later in the month, it would be no problem.

I am hopeful these distrup