This Bulletin: Sat, Apr 15 2000

Australian slump expected after Wall Street plunge.

Phillip Lasker reports.

Analysts say the latest plunge is more than a just a correction of overvalued technology stocks, with the Nasdaq now officially a bear market.

The Commonwealth Bank's Chief Economist, Bruce Freeland, predicts Australia's All Ordinaries Index could fall by about 3 per cent on Monday, with blue chip, media and technology stocks all affected.

"This fall though on Friday night in the US, which was quite wide-spread and driven by inflation fear and interest rate fears, really does seem to have affected stocks right across the whole spectrum of the US economy," he said.

"That's why I think the Australian All-Ords may be more adversely affected this time around."

http://www.abc.net.au/news/2000/04/item20000415174734_1.htm

-- Martin Thompson (mthom1927@aol.com), April 15, 2000