Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.87

-0.6%

Dec 5 9:30 AM EST

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To: Pete Young who wrote (38954)	10/30/2000 8:43:27 AM
From: michael97123	Read Replies (1) of 70976

It's that time of year when one can't see the forest for the trees. When the leaves finish falling over the next week or so it will all be clearer. One of those jerks will be President and the world will not come to an end. In fact nothing much will change at all. President Bush will scale back ambitious tax cuts and SS plan to accomodate political reality and President Gore will place populism back where it belongs, into the dustbin of history. President Bush will hire people to help him think and President Gore will hire people to help him not think too much. Mr. Greenspan will move back to page 1 and start lowering interest rates. As always has been the case this Fed is much more concerned with recesssion than minute, oil-induced marginal increase in prices. Soft landing means no recession, end of story if it is handled correctly. As the outlook for the future brightens (or just becomes clearer) the markets will begin their recovery for real. Slowly to be sure but relentlessly we will take out the old highs sometime in 2001. And for chips JJ of SSB will make his call that the semi industry has started a new up-cycle. And CNBC will gush over his brilliance in calling both the end of the old cycle as well as the beginning of the new one. Of course we will know that all that occurred was hype.

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