Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 325.54

+7.8%

11:46 AM EST

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To: robert b furman who wrote (42147)	2/14/2001 8:16:30 AM
From: michael97123	Read Replies (2) of 70976

Bob, Are you saying the selloff you see today and for a few days more i guess, could be the bottom? My belief is that with new federal regs, ceos cant do anything but be bluntly honest and present the worse case scenario. Morgan followed Chambers yesterday in doing this and they both mirrored what Wilf of LSI said a week or two ago. The bar is set so low now that next quarters earnings should easily me met and probably surpassed. This is all a set up(both deliberate and accidental) for the bull market to follow. I am sure AG is not happy about what happened yesterday when the pundits picked apart his speech. A bad day or two in nasdaq will get us that intermeeting rate cut toute de suite. The key to his remarks yesterday was his keen understanding of the increase role of investor and consumer psychology in the mix. Also I hear that many co's are waiting for the next cut(or cuts) to commit to new spending. If this is so this interim cut should be 3/4 point or more in order to get that problem fixed. Make no mistake about it, because of those psychological factors AG talked about this recession could turn nasty. If he is waiting for rear view mirror statistics to justify his actions, we are in trouble. I believe that he will anticipate events and cut rates by early next week. That works nicely with your blowup theory and bottom in the same time period. MIke

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