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Might this be the one calendar date in a millenium where you can say with some degree of confidence "The market will very likely be down in late December, then higher in late January" ?

The Y2K 'problem' is really a question of Psychology. The world is not going to end, and the markets will not crash as a result of some uncontrollable force. What you're really trying to do is predict what people are going to do as a result of their fears. That is anyones guess.

The thing to remember that any reaction without a change in fundementals will correct itself once people realize the sun came up on Jan 1. Personally, I'm ignoring the whole Y2K thing and continuing to make investment decisions as if nothing unusual was going to happen (which I believe is the case).
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