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Politics : Formerly About Applied Materials

AMAT 268.92

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To: Gottfried who wrote (43602)	3/12/2001 7:30:26 PM
From: michael97123	Read Replies (3) of 70976

G, FWIW wayne angell on CNN a few minutes ago said that the fed needed to get ahead of the markets with a one point drop by 3/21. He claimed that Greenspan is paying attention to the rear view mirror such as unemployment stats while he should be looking at consumer sentiment numbers which are predictors. Shortly before that Richard McCabe of Merrill predicted a sharp end of winter/early spring rally particularly in nasdaq. Overall he expects other sectors to outperform tech, and a possible retest of lows for tech later on. But he indicated strongly that a Nasdaq rally now would be substanatial. He indicated it would start between now and Fed meeting. He also said that a big blow off wasnt necessary as this market has been doing that on a stock by stock basis. If Alan is watching these guys perhaps we will get that 1%er. He may have been wrong over the past year but he will not imo place false pride in the way of saving the world economy because that what it comes down to. BTW, Angell went on to say that even if AG trails the market, we would still recover in '02. Mike PS May I suggest to folks with their powder dry that they start to dollar cost average in. I heard an Advisor today tell some poor guy to sell out of tech and go to cash TODAY. He wants to get back in when there is no doubt about the trend being up. Yeah he will know--another moron heard from.

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