Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 269.55

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3:59 PM EST

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To: 16yearcycle who wrote (40431)	12/4/2000 7:42:30 PM
From: scott_jiminez	Read Replies (1) of 70976

The discussion re: the economy here seems to be based on a false premise. I think we all need to be reminded that the DJIA is only 5-10% from its all time high and that there are some big sectors, such as the pharmas (containing numerous large capitalization stocks), which are reaching new highs on a daily business. Yes the economy is slowing...but it certainly is not inconceivable that the technology sector is in a recession and the rest of the economy is O.K. In fact, after the run technology has had over the past 5 years, this should be perceived as 'normal' rather than as an anomaly. Thus the fed will not and should not consider changing their policy whatsoever...since a significant fraction of the economy is actually is good shape and the technology sector simply need to rid itself of many years of excess. People on this thread act if the ENTIRE U.S. economy is dependent upon technology. Don't we need to question this premise? If technology is in recession...is the economy NECESSARILY in recession??? The current divergence of the NASDAQ and the DJIA would seem to produce a resounding NO!! to that question. And if the economy is not tanking - just slowing - then a significant change in fed policy is definitely not a foregone conclusion.

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