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[sharechat] Nasdaq etc

From:	Phil Eriksen <phil@acepay.co.nz>
Date:	Sat, 03 Jun 2000 11:51:15 +1200

NEW YORK (CBS.MW) -- Fresh signs that the U.S. economy is
                 slowing was a welcome event on Wall Street, helping the
Nasdaq score
                 its best weekly gain ever.

I've seen this sort of thing in a number of different places.  Having
justified high stock prices because of strong growth, it seems the new
justification is lower growth.  I can only live in hope that US
investors decide to apply Nasdaq multiples on the NZ stockmarket due to
the excellent prospects for sub-standard growth in the economy.

Cheers,
Phil

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Re: [sharechat] Nasdaq etc Mark Hubbard

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