On Jan. 1, computer programs that aren't updated could recognize the digits 00 in dates as the year 1900, instead of 2000, a glitch that could affect everything from elevators to e-mail. Fearing a Y2K-triggered market meltdown, many investors say they're planning to move money out of the stock market in the coming months. There are fundamental reasons, and there are emotional reasons. But a few of his clients are having a hard time coping with the uncertainty the end of the millennium brings. Our job is to help people deal with their humanness.
Information is power.
Predictions of worldwide economic collapse are nothing new. But unlike a lot of the apocalyptic stuff you see in some supermarket tabloids, Y2K is a real problem with genuine economic consequences. The government and private industry are spending billions to adjust computer systems, and some analysts forecast only minor inconveniences on Jan. 1. But worriers can find plenty of support for their worst fears. Some investors see that as an opportunity.