Forum Archive Index - January 2000

[rebecca bibby <rlbibby@netscape.net>]

The NASDAQ rose to a new high on Friday extending the record it set the
previous day.  During the week, it also drew some new buyers as investors
moved money away from older cyclical stocks.  Rising interest rates are
conventionally considered bad for stocks but perhaps in Y2K, we are now seeing
a new phenomenon on the stock market.  

In yesterday's New York times, Robert Froehlich of Kemper Funds, which manages
$40 billion in stocks, had this to say: "There is an unbelievable amount of
pent-up demand for technology.  In addition, IT productivity is increasing and
that is not going to slow down."  

All things considered, I can only surmise there will be renewed interest in
tech stocks when the NZSE opens tomorrow.  What do others think?

Rebecca

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