Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.57

-1.8%

2:27 PM EST

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To: John Trader who wrote (40900)	12/16/2000 5:13:55 PM
From: daryll40	Read Replies (1) of 70976

I have learned never to predict. However, while the NAZ IS down in the same range as the DOW was in 1973-4, the OVERALL market as measured by the Wilshire 5000 is not in that range. And while the bloom IS off the rose, things are not nearly as bad as then. For one thing, energy as a percent of expenses (homes, business) is less so even the recent doubling is not AS BAD as '73-4. In that time period, we had a "cancer on the Presidency" while this time we had mere indigestion that appears to have cleared quickly. And Greenspan, for all the moaning about him, has proven in recent economies to correctly balance the inflation/recession risks over the long run, even if our AMAT is pounded from 115 to who knows where in the process. Daryll40

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