1. International: Techno-Stock Troubles
- Author:
- Oxford Analytica
- Publication Date:
- 06-2000
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- The current bubble in 'technology stocks' has led to official concern about over-enthusiasm by investors and the banking consequences of a sudden price collapse. The first signs of the long awaited shift emerged last week, as investors shifted from fashionable technology, media and telecoms (TMT) stock back into traditional 'old economy' blue chips. Capital flooding in from Europe and Japan to the United States has been attracted to booming markets led mostly by these stocks. The rest of the market (misleadingly known as the 'old economy') has risen comparatively little.
- Topic:
- Economics, International Trade and Finance, and Science and Technology
- Political Geography:
- United States, Japan, and Europe