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Re: [sharechat] Dont panic, this correction is a good thing


From: "Peter Riches" <peter@peaktechnology.co.nz>
Date: Sun, 16 Apr 2000 19:46:47 +1200


I couldn't agree more with Nick and Ben's latest posts: putting the other side to the doom and gloom scenarios that some (including the local media) have painted over the last week.
 
IMHO value investors in the NZ market have no need to panic - just keep it all in perspective.
 
Even if the entire world were to go into an economic depression the likes of which we haven't seen since 1929 (which personally I very much doubt will happen) I couldn't think of a better place to be than this beautiful, sunny, unpolluted country, with its friendly, happy (albethey "uneducated") people!
 
No need to lose one's sense of humour either!
 
Cheers
Peter
 
 

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