  We performed an exact diagonalization study of the spin liquid phase of the
Multiple-Spin Exchange model on the triangular lattice. It is characterized by
no Neel Long Range Order (NLRO), short-ranged magnetic correlations and a spin
gap. We found no LRO in any local order parameter we investigated (chiral,
dimer,...). The probable asymptotic ground state degeneracy is discussed. We
argue that it could be of topological origin and that the system is probably
not a chiral spin liquid. A possible relation to the
Affleck-Kennedy-Lieb-Tasaki (AKLT) phase is discussed.

Strongly Correlated Electrons