Forum Archive Index - May 2000

["nick" <acummin@es.co.nz>]

     The nasdaq could be in serious trouble in the next few months

Hugely overvalued with many companies unlikely to survive mucjh beyond

a year.

     That big rally after last months crash is beginning to look like a dead

cat bounce. The size of the bounce is very ominous. Investors this time

are likely to be less keen on jumping back in. Sentiment is turning

strongly against techs now. Volume is down indicating interest is

also down , what will prop the nasdaq up?

        Good sign is that the dow is holding up nicely this time.

 We in kiwi land should do ok, our tech stocks are a joke anyway

and most deserve a good kicking

          nick