Stock Market to Crash at 10,000? : LUSENET : TimeBomb 2000 (Y2000) : One Thread

I have heard and would like to verify or at least know if anyone else has heard that the market will crash when it reaches 10,000 because it is not programed to go beyond that point. If anyone knows if this is true or have heard rumors, please post.

-- Diane Milliken (, March 09, 1999


Yep, posted about that, but not much interest

Y2K OK, but D10K?

xxxxxxx xxxxxxx xxxxxxx

-- Leska (, March 09, 1999.

probably not.....

Wall Street: No computer glitch when Dow hits 10,000

Wednesday, May 06, 1998

Bloomberg News

NEW YORK - Wall Street isn't afraid of Dow 10,000.

Securities traders and technology gurus roundly dismissed a study by the Gartner Group, a Stamford, Connecticut, consulting company, that claims financial companies will incur the same sort of computer headaches when the Dow Jones Industrial Average hits 10,000 as they anticipate from the arrival of the year 2000.

"Trading organizations face potential exposure if the DJIA passes 10,000 and their systems interpret it as 1,000 - or 0,000," a summary of the report said. "Computer-based trading systems could interpret the '10,000' event as a catastrophic crash. This is a real and present threat."

Wall Street firms begged to differ. Many have already checked and found their computers are ready for 10,000, a Securities Industry Association spokeswoman said. Moreover, virtually no computer-guided trading is tied to the Dow average, which tracks 30 large stocks. Most program trading uses the broader Standard & Poor's 500 Index, and traders pointed out that the S&P 500 recently passed the 1,000 milestone without incident.

-- Lara Summers (, March 09, 1999.

Diane Milliken; 10,000 is not necessarily indicative of crash. However, some market related systems are not ready to accept more digits. Most have been adapted. Hope this helps. Keep well and keep posting.

-- Watchful (, March 09, 1999.

It's unlikely in massive quantities - but someolder outmated trading programs are "questionable" as teh flip back and forth between 9,995 and 10,005 - if they truncate digits and use 9995 and 0005.

Most newer automated programs are setup to accomodate the extra digits - but you never know how many old laptops are still out there plugged. Still - most people who trade automatically - where the buy and sell orders are generated y the latest up & down of the DOW - are techno-freaks and immediately get the latest program and machine.

It's not a serious concern - today. Early last year, or even before then, it probably would have caused great problems, but not now.

-- Robert A. Cook, P.E. (Kennesaw, GA) (, March 09, 1999.

Sanger's y2k Review has an article about it today:

Sanger's Review of Y2K Reports

(BTW, grats pshannon! And keep up the good work. I subscribed to Sanger's lisbot :-))

-- Chris (, March 09, 1999.

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