Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.34

+0.9%

Nov 28 12:59 PM EST

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To: 16yearcycle who wrote (25568)	10/21/1998 1:50:00 PM
From: Teri Skogerboe	Read Replies (3) of 70976

How can anyone say whether Fleckenstein was right or not about the general market direction? That chapter hasn't been written yet. It seems to me that he questions almost everything and makes his decisions based on what seems most logical and likely to him. I see merit in that approach. IMO, this market is still not cheap and '99 earnings are pretty much completely "in the air". Also, I still believe that Japan's recovery... or not, will help answer many of the world economic questions. If SI is wasting your time, I'd quit reading it. I have almost... Way too much of the time, these posts are "all heat and no fire". Like the declarations that new highs will be reached on the Dow over the next few months.... when the posters don't know that to be the case. No one can. Just ask Brinker (for one of many examples)...he got no one out of the market despite the fact that he runs a "market timing" news service. He even stated continually that he was "fully invested" while the Nasdaq corrected 31ish%, Dow over 20%. A story below on '99 earnings estimates. pathfinder.com "The fact of the matter is that analysts have yet to take the current and developing economic realities into consideration for their estimates, and the result is that earnings growth rates are being vastly overstated for next year," says Charles Pradilla, chief investment strategist at S.G. Cowen.

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