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[sharechat] Warning! Warning! Warning! Another tech slide looms

From:	"simon dallimore" <smndallimore@hotmail.com>
Date:	Thu, 04 May 2000 06:50:39 NZST

Just been watching Wall Street and there has been broad selling of tech 
stocks overnight with the Nasdaq diving down by 3.4% (at this stage). 
Apparently Friday's (our Saturday) employment report is expected to show a 
red-hot labour market which would seal expectations of a 50-basis-pints hike 
by the Fed on 16 May. My advice is that NZ investors should re-consider 
their positions before trading closes for the week tomorrow as otherwise, 
and with past experience in mind, we should and can expect to see further 
tech tumbles before the US trading weekend comes to an end this Saturday.

Simon
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