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Politics : Formerly About Applied Materials
AMAT 228.68+1.2%Nov 17 3:59 PM EST

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To: Demosthenes who wrote (39140)11/4/2000 10:08:58 PM
From: Jerome  Read Replies (3) of 70976
 
While we are all sitting around waiting for the recovery to begin, it might be time to review a few investment books or Journals.

Happened to find this book at a used bookstore by an ex semi-equipment investor
titled "Why Most Investors Are Mostly Wrong Most of the Time" by William X Scheinman. I think he would be right at home on this tread.

I scanned a few pages and he did say that most indicators belong in the junkyard. And that the only indicator that was worth a hoot was public sentiment. And that that indicator does not lend itself to easy measurement.

While we endlessly debate leading and trailing indicators for the semi-eqipment cycles, are we just aimlessly walking around a junkyard?

Jerome
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