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Author: Whakamole Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76887  
Subject: Re: Y2K Date: 6/25/1998 1:27 PM
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The rumor (which AFAIK hasn't been substantiated) is that computerized trading programs will think the DJIA went to 0000 (instead of 10000) and thus issue sell signals.

This isn't a concern. First, as soon as the Dow drops due to program trading, it will be 9900+ and the programs will issue buy signals again :) Second, as soon as the folks at the NYSE realize this, they will simply suspend program trading until it is fixed.

A bit offtopic... in a sense I am glad Y2K has recieved attention, since it is a concern, but IMHO the press has gone into panic mode with it. Computers aren't going to magically stop working at 12:01am, and even if they did computers are notoriously stupid; simply tell them it is another year and they will be happy.
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