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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Lee Lichterman III who wrote (39295)12/26/2000 12:49:17 PM
From: Lee Lichterman III  Read Replies (1) of 42787
 
Here is the answer I got from Louis Lambrecht on the Belgium Market. Note that this turns me off to it since I don't like the financial sector right now due to my belief that there is too much bad debt. Heinz also added that there were no high flyers on it backing up what Louis stated........

L3
Belgium is a market on it's own.
The Fortis group (banking-insurance) makes about 1/4 of the Bel20 index, and about 20% of the total market cap.
Most other high flyers are other banks and peculiarities of Europe: the so-called holdings.
Third part of the market is still a strong market cap in gold mines.
So, Belgian market is mostly financial and gold.
Fundamentally speaking, old economy with sound management and finance. Not very exciting.
Belgian market already has merged with Amsterdam of the Netherlands and the French bourse into euronext.com
Paris also has nice holdings as Vivendi, LVMH, Suez,... not always very exciting, but the guys who run those companies look at the bottom line: they must make money and don't care much of the total sales.

In fact, boring.
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