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Politics : Formerly About Applied Materials

AMAT 249.99

+3.1%

3:59 PM EST

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To: Proud_Infidel who wrote (32837)	10/17/1999 5:56:00 PM
From: 16yearcycle	Read Replies (1) of 70976

Let's say the market panics and we dump to 8000 at the end on Tuesday. That will be a a loss very roughly equivalent to 1987, although not quite as severe. Forward pe's will be about 14.5 on the dow with a 6.3% long bond. In 1987, the bond was at 10% at the time of the crash. Ag was raising rates then too. But he was brand new to the job, and as an unknown, the street was concerned. The point is that we shouldn't go that low but we go through these things again and again and again and I swear some folks will never learn. Should I actually sell the Qcom I got at 100 at about 195 tomorrow and pay the taxes, reducing my real gain to about a price of 162? Things will have to get pretty fu**ing bad for Q to go under about 150 so that there is a significant difference. I will hold and the only reason to be afraid is if one is margined. We'll probably rally like hell and then get worried again next week.

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