Dear J: Y2K and the Stock Market
[J],
The stock market may be affected very positively, or very negatively, or neither. That really helps, right? 
Anyway, for the past several years, many companies have diverted considerable resources to addressing Y2K. Well, once Y2K passes, they’ll be able to re deploy those resources to developing new products and technologies. In this regard, the stock market over all could go up since the general level of innovation in industry is expected to rise in the months following Y2K.
But, the stock market may fall drastically, if the Y2K bug turns out to be more insidious and wide-spread than it is expected to be right now. Should serious emergencies arise during Y2K, more resources than currently working the Y2K issues, would need to be brought in, to solve the bugs. This of course would leave less resources to build new products, stagnating the economy, and lowering peoples’ confidence in the market.
Finally, these two forces might just balance each other out, leaving the stock market changed very little from what it is today.
Just make sure that your funds are diversified. A good time to switch to bonds.
Later.