Forum Archive Index - March 2001

[nickkearney <nk@xtra.co.nz>]

RIL

You didn't mention the FTSE.  As I recall it was well over 6000 some
months ago and now.....well it is well below 6000 and falling like a one
of our skyhawks.

But then I guess that you wouldn't mention this would you.  After all,
the grass is always greener.

Cheers

NK

RIL wrote:
> 
> So sorry to see you lose half your air strike
> capability in the last few days. Still there is always
> the hang-glider option with a .303 strapped to the
> sail.
> 
> Things, I think are going to get a lot worse in this
> stock slide. Nasdaq P/E's are still way too high. As I
> said before here I think 1000 - 1500 (closer to 1000)
> is realistic. As for the Dow, looking for 4000 to 5000
> once this is finished as earnings growth is going to
> disappear.
> 
> Amused at Kiwis crowing that their market is going
> against the trend. Like a cat dropped to its death
> from an office building 13 years ago that suddenly
> develops a nervous twitch.
> 
> Actually, I am fascinated to see how this potentially
> very serious downturn affects NZ. It must affect the
> export and tourism dollars obviously. It is, however,
> very interesting to observe (from a distance) a
> country getting poorer and to see what in the
> infrastructure gives as this global correction takes
> place.
> 
> >From where I stand I see a place that is a collection
> of junk retail outlets, cafes and a goodish
> agriculture sector (which is failing to capitalise on
> its current opportunities).
> 
> As regards the NZ market: stay out of it until this is
> done. It is nothing more than a pathetic joke. There
> was no life in it in the 90's until the tech burst and
> that is now done bar the receivers.
> 
> Soon transferring to the USA for a couple of years.
> 
> All the best and if it gets too tough you can always
> go to Australia - but make it quick before immigration
> is completely stopped.
> 
> This months hot tip: Put Options on Drug Stocks
> 
> ____________________________________________________________
> Do You Yahoo!?
> Get your free @yahoo.co.uk address at http://mail.yahoo.co.uk
> or your free @yahoo.ie address at http://mail.yahoo.ie
> 
> ----------------------------------------------------------------------------
> http://www.sharechat.co.nz/          New Zealand's home for market investors
> http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
> ----------------------------------------------------------------------------
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/forum.shtml.


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.