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Politics : Formerly About Applied Materials
AMAT 224.75+0.6%1:56 PM EST
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To: 16yearcycle who wrote (43404)3/9/2001 3:35:05 PM
From: Math Junkie  Read Replies (1) of 70976
 
"Its 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. "

No growth for four years would really be a terrible return. Perhaps it would make more sense to expect performance since then along the lines of historical norms, once the market has finished overcorrecting.
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