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Politics : Formerly About Applied Materials

AMAT 326.43

+8.1%

10:13 AM EST

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To: Sam Citron who wrote (40498)	12/5/2000 3:15:42 PM
From: Jacob Snyder	Read Replies (2) of 70976

market timers and day-traders, as usual, would have lost money, trying to guess the minute-to-minute market movements. Gore didn't concede, didn't hint he might concede, and the Nas is still up 200+ at the moment. I guess the market thinks the election is over, and it doesn't matter much when Gore admits this. Interesting (and fun, for a change) to watch stock movements today. My NewEconomy stocks (AMAT, QCOM) are up very nicely. My Old Economy stocks are up modestly. Several stocks that might be defined as "Tech Value", like Apple and Worldcom, are actually down. Conclusion: if we are going to rally now, the high-valuation growth stocks are going to get even more highly valued, while out-of-favor stocks will stay that way. Now we just need Greenspan (by cutting interest rates) and Bush (by cutting taxes) to guarantee no recession in 2001. That ought to be good for a 30% pop in the Nasdaq.

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