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Politics : Formerly About Applied Materials

AMAT 225.18

-1.5%

3:59 PM EST

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To: Jerome who wrote (43471)	3/11/2001 9:44:04 AM
From: Proud_Infidel	Read Replies (1) of 70976

Jerome, The tech-heavy Nasdaq Composite Index (.IXIC) will not reach the dizzying heights of March last year, when it peaked above 5,000, any time soon, money managers say. It could even be years before the index recoups its 56 percent loss since then. ``There is a concern we won't get the big rebound,'' said Donald Berdine, chief investment officer at Pittsburgh-based PNC Advisors, which oversees $43 billion in assets. ``We may not see 3500 for years.'' These were the same people calling for Nasdaq 6000 last year. They were wrong then; what makes you think they are right now? The market overdoes it on the upside and the downside. To make predictions about where any index will be 3-5 years from now is a foolhearty game, especially with the economy being in the toilet. That being said, unless we revert to the abacus, a massive retooling is going to take place in this sector come hell or highwater not too long from now. Its Jan 2003 and is AMAT ever going to break 56 Split adjusted that is:-) Brian

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