Word: y2k
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John Cleland, chief investment strategist at fund company Security Benefit Group, is so convinced that stocks will "melt up" next month that he has begun a special marketing campaign to attract new money by year's end. "Y2K will be the biggest nonevent in history," he predicts. "The door will not be wide enough for everyone who wants to buy stocks in January...
...three months have produced more market gains than the other nine months combined. And we're at it again. Since Oct. 31, the S&P 500 is up 5.2%, the Dow 5.2%, the NASDAQ composite a heady 19%. Yet many investors are sitting on the sidelines, waiting out the Y2K fiasco. (You know, mayhem that would make Moses proud when computers misread 00 as 1900 on Jan. 1.) Yes, stock prices could unravel if Y2Khaos really occurs, or if anything else for that matter ignites a panic. Can you say higher interest rates? But serious jitters seem a long shot...
...direct digital control system, which is responsible for heating dormitories and buildings, has also been designated Y2K compliant, but, like many other systems, it also relies on a power source outside the University...
Local coordinators for the department have worked over the past several months with Eagan and Bradner to make their keycard system, alarms and radio communications Y2K compliant...
...students like Geoffrey Mainland, convinced that Y2K hype has been blown out of proportion, the telephone help line seems to be an unnecessary measure...