The Federal Reserve Bank of San Francisco
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DATE:   May 24, 2001
TO:   Business Writers/Editors
WHAT:  

The Stock Market-What a Difference a Year Makes

FRBSF Economic Letter #2001-17 dated June 1, 2001

In this latest Economic Letter, San Francisco Federal Reserve Bank Senior Economist Simon Kwan looks at the rise and fall of the NASDAQ as it was fueled by "exuberant" growth expectations, and examines whether current tech stock price valuations make sense.

WHO:   Simon Kwan, Senior Economist
Federal Reserve Bank of San Francisco
WHEN:  

Now available on the Internet at: www.frbsf.org/publications/economics/letter/2001/el2001-17.html

WHY:  

Stock prices have been on an extraordinary ride in the last two and a half years, soaring to phenomenal heights and then plunging at head-spinning rates. What happened to the NASDAQ? Where will stock prices go from here?

Reporters who are seeking neutral, third-party input to bring perspective to their stories may wish to contact Simon Kwan directly at (415) 974-3485 or Simon Kwan.

 

Contact:  

Lily Ruiz, Media Relations Specialist
Lily Ruiz
(415) 974-3240

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