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April 2nd, 2004
The Hype Index?
I'm in London and one of the topics we have been discussing among the investment banks and brokerages of the City of London was the Merrill Lynch index, up 10% intraday yestersday. With many of the stocks mentioned in the index, which as we have discussed have questionable links to nanotechnology being up 10-20% within a day of the announcement, will we see a wave of companies scrabbling to be included? The consensus from London and Frankfurt is that there seem to be two forces at work here.
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