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Hi Teri and all AMAT followers. I know, whether we are sellers or buyers, we all wish for AMAT's health!...The stock is again a regular in the 10 most active stocks in the Nasdaq. We all know the company is going to report a good, more than what is expected quarter--- a week from now. The stock is hitting all time highs (62 7/8 as I write this)----Actually, AMAT has been reflecting the mood of the over-all Market in general since the beginning of the year!...We have seen the lows for at least the first half of the year in March--- when Alan Greenspan raised interest rates. The Balance-Budget thing , whether it is going to be bad or good in the long run, is what is going to propel the Market to higher levels. The law-makers are telling Alan, ---"...Look, Alan, give us a chance, don't torpedo the good thing going on!..." Likewise, Investors are saying---"...Where's Inflation, Alan?..." ...Alan is a human being, don't forget that. 70 years old, newly married, susceptible to emotions...He may raise rates later but that would be viewed by the market as an added positive (after an initial shock, probably). Eveything is going right and expected to remain so for many years to come. Aren't we happy that AMAT is a Bell-Weather for the rest of the market?... |
