Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

3:59 PM EST

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To: marc henschke who wrote (31779)	8/9/1999 10:06:00 PM
From: John O'Neill	Read Replies (2) of 70976

<But once earnings come out on Aug. 17, > it seems that stocks fall on good earnings...i notice that the price of cisco deteriorated sharply at the end of today....i don't think earnings have much to do with prognosis for the market...we could get a rally, true...but: we now have a weak dollar, a fed raising rates, a long bond going down like crazy ( it's high was just last dec..yield in 4%'s no less), a flood of offerings being dumped on the market, a consumer probably in hock to the limit, no nice home refi free money coming into the picture, freddy mac and fannie mae with derivatives to hedge against the many loans they have which are already under water, the backers of these trillions of derivatives are mostly brokerage house's with assests of only about about 50 bil....plus y2k coming up.....I'm content to sit on the sidelines with mostly cash...but I sure wouldn't want to ride this baby up to get the last few bucks....IMHO

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