Y2k Y2K pessimists are approaching their moment of truth. In seven weeks the chunk will, or will not, run into more trouble than windup to people think. Investors will, or will not, suffer last-minute screaming meemies as the millennium draws near. Yes, yes, I know?its not just the millennium, from a technical point of view. As a blue band of readers likes to remind me, only morons believe the millennium front on Jan. 1. The 1,000-year span actually ends on the years last day, Dec. 31, 2000. Well, that may be their millennium, but its not mine. Im partying now.
A more kindle question than calendar dates is whether the stock and bond markets will be partying too. Has the Y2K selling already happened (as I believe) or will it kick downstairs in the final days? If theres the usual year-end aim?and last Friday looked good?will we wake up with a hangover? When you read this, the Federal Reserve will credibly have made its latest decision about have-to zip with rates (its open-market committee meets...If you want to get a giving essay, order it on our website: OrderEssay.net
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