Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.2%

3:59 PM EST

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To: Gottfried who wrote (43389)	3/9/2001 12:34:20 PM
From: 16yearcycle	Read Replies (4) of 70976

Re: market bottom Everday I become more convinced that this won't end until cnbc tells us it has ended. For the 15+ years I have made a living doing this, you could do exactly the opposite of the average opinion and make a fortune. But the vast majority of commentators on cnbc have called this accurately and continue to call for more. Yhoo's price reflects the opinion that it's franchise should have no premium beyond a typical media company. It's current level suggest to me that the street has concluded that everything past mid year 1997 was a bubble, and therefore, I suspect that the institutions won't all be calling this over until we are back to mid 1997 levels, or 1750-1800.

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