Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Rillinois who wrote (5766)	7/9/1998 2:25:00 AM
From: Math Junkie	of 42834

*OFF TOPIC* If Applied Materials comes out with an earnings warning, then we could see these stocks go lower, but whether Applied will break down below its prior support levels is anyone's guess. It has not reached its historic lows of P/S ratios in the 1.0 to 1.5 range, but when you consider the P/E on the S&P 500, I don't know that we can expect it to. Brinker mentioned last weekend that the S&P 500 P/E is 50% higher than it was two years ago, and I think the valuations of this group should be measured in relation to the S&P. In summary, now is probably not a bad time to buy this group, but I don't think anyone can guarantee that it won't go lower.

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