Kilpinger Headline - Oct 21, 1999 - "The real y2k Problem" : LUSENET : TimeBomb 2000 (Y2000) : One Thread

You have what see two major fund managers say! (Wish I could do links).

-- Cant Say (, October 21, 1999



I saw the actual magazine today at WalMart -- the two Y2K stories are given cover page billing, with "Y2K" prominently displayed.

71 days.

-- Jack (jsprat@eld.~net), October 21, 1999.

"To a great extent, any Y2K-related disruptions may already be factored into stock prices. "

Wouldn't that be nice! Bull market forever! We have reached a new plateau!!!! (29=99?)

-- Helium (, October 21, 1999.

I read the articles. The individuals sounded like predators waiting to shave the sheep.

-- Paula (, October 21, 1999.

Hey you all!!!! Went to the link and red the story. Then I got snoopy and went into "Related Stories." Then I clicked onto "How I'll Survive Y2K (I Think), June 1999 by William Giese. I'm trying to compose myself! But, he is talking about PAUL MILNE in this article! You have got to read this article! IT'S A RIOT!!!!!!! Here's just one paraphrase from it: "Paul and Lynda plan to have their teeth pulled and full dentures put in because they believe there won't be any dentists around."

There's other information about Paul Milne, information that I never knew of. k.htm

-- holey moley (holymoley@holeymoley.xcom), October 21, 1999.

How I'll Survive Y2K (I Think)

-- -- (--@--.--), October 21, 1999.

Ffas afoubt za funniezf fing I fink I'f evber vread. If fat's tuwe, I fink Iel piff my panfs. Forry about how oi'm founding, I'b waiting for my dentfures.

-- Uncle Deedah (, October 21, 1999.

Good thinking! I'm going to have my fingernails and toenails surgically removed and get a full-body electrolysis. (Barbers and manicurists will be quite a scarcity!)

By the way, did Milne get both teeth pulled or just the one on top?

-- The Creosote Exxplosion! (, October 21, 1999.

Uncle Deedah, I just pissed my pants! Isn't that a riot? That's the funniest thing I have read here in the past month! And who is it that keeps saying that "Paul Milne is the voice of reason?"

-- holey moley (holeymoley@holeymoley.xcom), October 21, 1999.

I'b forry, I cadn't pbrodnoundice it, bud I dnow who id is..

-- Uncle Deedah (, October 21, 1999.

Gawd! Now, THAT is one extreme dude!!

-- King of Spain (madrid@aol.cum), October 21, 1999.

I guess it's been awhile since I've read such an article. I never cease to be amazed! Several of the persons giving answers, said in plain english, a problem that was UNSOLVABLE (for example - a company relys an foreign suppliers, foreign suppliers have problems), but that isn't REALLY a problem.

It's as if these people think that if the world can just get through New Years -to Jan 3rd or 4th, then everthing is OK!!!!!!!!???????????

I heard it said once that this issue, Y2K, causes people to lose their critical thinking skills. I believe it also blocks their ability to have an independent thought. Can we truly be living in such a stupid civilization?????

Recently I don't get upset with much - I've tried to accept what ever is going to come. But when I see articles like this, and conclusions like those in the article, being passed on as "advice" by an equally studid publisher, and then realize that even though the reporting is obviously flawed, and anyone who reads it could deduce that fact, and yet most people reading that article will conclude that IT's NO BIG DEAL - I really just wish I was stupid too. (Left myself wide open on that - let's see who has any class)

-- Gregg (, October 21, 1999.

Creosote: I suppose you can be polite and say to Paul: "Nice tooth."

-- tooth fairy (toothfairy@toothfairyy.xcom), October 21, 1999.

I have become a closet GI. If one of you all were to meet me on the street and ask me what I was doing about Y2K you would leave thinking that I am a DGI. I have instructed my children to give vague DGI answers without lying. I have even told a few people that we are already eating up what we have in the Y2K pantry. Not a lie though, we are in fact doing that but are replacing what we use with current purchases for the week. The FIFO pantry method.

In the past, in discussing Y2K, I have had conversations that have ended much like this article. "Well Virginian, I know where to go if I need something." (of course I would help who I could but no sense having the town show up at my door)

"All right! If worst comes to worst, I can make it to the Milnes' farm."

Paul, might be time to stop the tours.

-- the Virginian (, October 21, 1999.

Good Grief! Paul, hope this was reporter's blunder.

Tell us you & your family still have your teeth.
OMG, this might turn us into Pollys!~

-- Ashton & Leska in Cascadia (, October 21, 1999.

Ashton & Leska:

Assuming this reporter has given us accurate info (maybe a big assumption?), the current status of these adult's teeth might be sufficient to warrant a full replacement in a couple years anyway. The article makes it sound like they've got mouthsful of good teeth that they're willing to trade in for false ones -- very, very unlikely.

I'm finding it increasingly hard to trust the press.....

-- Anita Evangelista (, October 21, 1999.

They won't prepare, but........they will remember.

-- MarktheFart (, October 21, 1999.

Bought it yesterday and read it. It is so superficial and inconsistent and internally contradictory, I can't believe it. If this is the quality of research on a major topic kiplinger provides, I will never read them again.

-- ng (, October 22, 1999.

Kiplinger: "...Consider the words of Bill Nygren, manager of Oakmark Select fund: "Y2K is a bunch of hooey created by the Y2K consultants to maximize their incomes."

OK, I've considered them. I find that they are the words of the 40-year-old manager of a 3-year-old mutual fund, who hasn't done his homework re Y2K, and who will in all likelihood look like a deer in the headlights when liquidity in the markets dries up because of all the "hooey".

-- Mac (sneak@lurk.hid), October 22, 1999.

Explanation and corroboration of the "teeth" comments on this thread: Link

-- Mac (sneak@lurk.hid), October 22, 1999.

Okay - consider that the S&P has lost 16% of its value since July.

Let's see if Kipplinger can be trusted to evaluate what it supposedly claims to know best (predicting stock perfromance).

Then, we can determine if Kipplinger can be trusted to evaluate (correctly) what absolutely no one in the world is an expert upon: the future of worldwide economies aaginst multiple-simultaneous computer, supply, and infrastructure problems that cannot be easily solved nor bypassed. Factor in the uncertainites of eachlocal market, each local population as each faces uncertain pressures and problems....

ANYWAY - re-read Kiplinger for May and June, 1999.

Did they predict today's losses? Did they predict a 10,000 Dow in October? Did they predict losses by IBM in for the past quarter? Did they predict the rise in memory chip prices, or subsequent computer hardware prices rising?

In other words, did they correctly predict today's events?


Now, go back to the Issues in November 1994 and December 1994. Did Kiplinger's predict a Dow average of 11,000 in July 1999? If not, why did they fail? What did they predict when the republican Congress elected? Did they predict the republican election correctly? An easier problem: Look at Kiplinger's magazine in August 1998, and in September 1998. Did they predict the fall in the stock market last October?

If not, ignore the magazine - they obviously can't preform their primary mission, and are evidently incompetent in predicting the future accurately for any significant event.


However - I notice that I said they have failed at the primary mission - actually, I'm wrong. They're primary mission is to sell magazines to people who wish to buy stocks and who want to sell other people stocks. That mission they do well.

Predicting the future? That they evidently fail miserably at....

-- Robert A. Cook, PE (Marietta, GA) (, October 22, 1999.

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