Forum Archive Index - June 2000

["Oliver Shapleski" <oliver.shapleski@vuw.ac.nz>]

No doubt something to do with polar magnetism - you know, the stuff that
makes the water go down the plughole the opposite way, ...

...wish we had a plug....


----- Original Message -----
From: hugh webber <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, June 03, 2000 5:24 PM
Subject: Re: [sharechat] Nasdaq etc


> I don't think its just NZ mate, the perverse logic applies to Australia
too
> but possibly not to Japan. Nasdaq/Dow Jones take a dive; NZSE and
> All Ords collapse in a heap. Nasdaq/Dow Jones recover, NZSE and All
> Ords (Ok, to a lesser extent) remain in a heap.
> Look at the Australian techs for example, Nasdaq collapsed to about 3000
> from 5000 and Australian techs like Solution6 and Sausage practically
> disappear off the face of the map. Nasdaq recovers to 3818 (can't remember
> exact figure) and Australian techs continue to fall about in a heap. Ditto
> NZ techs no doubt. Apparently there's some outfit called Eisa in Oz that's
> struck a bit of cash flow bother. As far as I know its totally unconnected
> to
> Solution6 and Sausage which have Telstra behind them but the waves of
> hysteria are so strong that investors are totally undisciminating. I
> suppose
> that means (in NZ terms) that if Wilson Neill struck trouble then
Advantage
> must be in a bad way as well.
> Same thing happened after 1987.
> However in Japan I note that Jap techs are recovering in imitation of US
> techs.
> What does one do? Assume that Australia and NZ are made up of different
> elements and compounds and that the Newtonian and Einsteinian laws of
> physics don't apply here? Subject NZ and Australian financial institutions
> to tests for exotic mental diseases like schizophrenia? Slink off overseas
> with tail between legs like my old mate RIL?
> Oh, well I suppose one just has to be patient and wait for gravity to
> re-establish
> itself in the southern hemisphere as well as the northern.
>
> cheers,
> Hugh
>
> ----------
> > From: Mark Hubbard <mhubbard@es.co.nz>
> > To: sharechat@sharechat.co.nz
> > Subject: Re: [sharechat] Nasdaq etc
> > Date: Saturday, 3 June 2000 12:03
> >
> > ----- Original Message -----
> > From: Phil Eriksen <phil@acepay.co.nz>
> > To: <sharechat@sharechat.co.nz>
> > Sent: 3 June 2000 11:51 AM
> > Subject: [sharechat] Nasdaq etc
> >
> >
> > > NEW YORK (CBS.MW) -- Fresh signs that the U.S. economy is
> > >                  slowing was a welcome event on Wall Street, helping
> the
> > > Nasdaq score
> > >                  its best weekly gain ever.
> > >
> > > I've seen this sort of thing in a number of different places.  Having
> > > justified high stock prices because of strong growth, it seems the new
> > > justification is lower growth.  I can only live in hope that US
> > > investors decide to apply Nasdaq multiples on the NZ stockmarket due
to
> > > the excellent prospects for sub-standard growth in the economy.
> >
> >
> > :))
> >
> > Nice try Phil, but not quite a comparable situation. Firstly, the US
> economy
> > is going through, historically, its longest period of sustained growth
> ever,
> > and this 'slow down' is simply to knock off the head of the inflationary
> > pressures that are building because of this - as for NZ, well, no such
> past
> > growth I'm afraid.  Secondly, the US don't have the political risk that
> NZ
> > now has with its communist, whoops did I say that, rather Left
(actually,
> > hard left) government that seems determined to bite off the hand that
> feeds
> > it, despite the latest cosmetic affectations of Cullen.
> >
> > This is all IMHO of course.
> >
> >
> >
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