Radio report... Pentagon has a Y2K communications problem...

According to a CNN report

-- Dick Moody (dickmoody@yahoo.com), January 01, 2000

Answers

Source is Art Bell just now breaking the news.. no details given yet. Anyone else able to confirm... I'm not near a TV.

Otherwise... things don't seem to be so bad... YET anyway...sounds like just minor stuff going on in the midwest and east zones... Guess we won't know the real problems til Monday...

Think of it this way.. Y2K is like a Christmas Present. We've just unwrapped the package...but Monday we begin opening the box...and the next month we assemble it and install batteries. :-)

As I type... Art Bell has a caller reporting CNN follow up that the Pentagon problem is with military intelligence communications in the Pentagon. Hmmm It's gonna take all weekend just to get the wrapping paper off after all. I guess... there's a lot of scotch tape slowing things down. :-)

-- Dick Moody (dickmoody@yahoo.com), January 01, 2000.

So let's see we have y2k "I've figured it all out in 10 minutes" pro AND

"I've figured it all out in 30 minutes" Flint...

Morons the pair of them.

Stick around Flint, 1 trillion dollars wasn't spent to fix a ZX 80...

-- Andy (2000EOD@prodigy.net), January 01, 2000.

Hey bud,

Boris is gone. The ruskies have their own problems ... get a grip

-- Dick Moody (dickmoody@yahoo.com), January 01, 2000.

Dick,

This Pentagon report doesn't feel right to me. If there was an intelligence problem, why would this be getting out? It would be kept under raps as a national security issue.

On your other point, I agree that we are just unwrapping the paper and that Monday we will begin to see the consequences. You and I are tape-readers and you've got to admit that the market is giving no indications of a problem at this point.

I have always thought that the gov't gets on a problem only after it has stopped being a problem. Perhaps the very fact that our leaders focused on Y2K was, in itself, a clue that it wouldn't be an issue.

Anyway, it's good to see you back on the thread. I hope you stay around for awhile.

-- mike (maples@voy.net), January 01, 2000.

Mike,

I finally tuned in to CNN...and have heard nothing further. Bernie Shaw was the one reporting it according to Art Bell and 2 different callers. I can only ASSUME [which can be dangerous :-)] they were not lying or misunderstanding what they were hearing.

I figure the stocks are gonna balloon further now based only on the fundamentals factor of continued blind euphoria. That assumes of course that they got their codes fully remediated. I also figure that when the oil and gold markets open (again assuming they're fully compliant or functionally compliant) that prices will tank to the downside big time on the open unless there are significant problems reported in software remediation. Now what happens after the open is less clear. What would perhaps be nearly as scary for traders besides a "10" event starting at rollover, would be for major "surprises" to pop up later in the trading day or later in January. That remains a real possibility... although I wouldn't wanna try and put a percentage to it.

So Mike and all others... EXPECT SURPRISES FROM Y2K. The Doomers have been surprised but the other shoe has yet to drop. I suspect that other shoe is gonna suprise the Pollys too in a significant way, but not TEOTWAWKI.

Unlike you, I find the gov't doesn't really solve problems it just moves them around or creates new ones.

Anyway, Mike... Have a Happy and prosperous New Year and don't take any wooden computer chips, eh? :-)

-- Dick Moody (dickmoody@yahoo.com), January 01, 2000.