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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (14653)9/26/2002 9:02:15 AM
From: Killswitch  Read Replies (1) of 19219
 
This post has nothing to do with MITA, but for history I'd like to post it:

"Germany Shuts Down High-Tech Market
09/26/2002 06:59:53 EST

FRANKFURT, Germany (AP) - Germany's stock exchange operator said Thursday it is closing the Neuer Markt, Germany's equivalent of the Nasdaq, after it lost almost all of its value in the last 2 1/2 years.

The Neuer Markt and the small-cap SMAX segment will be absorbed into the main market by early 2003, Deutsche Boerse said in a statement.

The exchange said the reorganization is intended to reassure investors, who have seen a 96 percent drop in the Neuer Markt's value from its peak in March 2000, about the reliability of the companies listed."
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