Forum Archive Index - March 2000

[Richard Hadfield <richard@hadfield.co.nz>]

Hi folks,

This is from ABC News today. Just the same amount of money washing
around..."The Great Game":-)

Cheers Richard

>From Wire Reports
                                 N E W   Y O R K,  March 15 — The Nasdaq’s pain
was the blue chips’ gain today, as investor doubts about tech share prices sent
money racing back into old-line stocks, propelling the Dow Jones industrial
average to its fourth-biggest point rise ever.
The Dow jumped 320.17 points, or 3.26 percent, to10,131.41 — its first close
above the 10,000 mark in four sessions. The point gain was the index’s biggest
in 17 months.
“People don’t see the Nasdaq as being a sure bet, particularly the biotechs,”
said Rick Meckler, senior managing director at Liberty View in Jersey City,
N.J. “But people are still interested in investing,” Meckler said. “They are
just rotating into the next area, and the area they picked now is the
old-economy stocks, which are beaten down.”



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