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Politics : Formerly About Applied Materials
AMAT 301.11+6.9%Jan 9 9:30 AM EST

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To: Jacob Snyder who wrote (48486)6/27/2001 4:03:03 PM
From: Ian@SI  Read Replies (3) of 70976
 
The Fed, on a good day, is backward looking. But it's usually deadly accurate. The bond market is forward looking; and is often dead wrong.

All the same I can give you a better answer to your Question about 1-2 years from now. My accuracy lately has been closer to that of the bond market than the Fed.

One small glimmer of light. This morning ATYT beat the street by 2¢. i.e. it only lost 2¢ not the 4¢ it was expected to lose. And even more exciting, they gave guidance for 2002 in their conference call [all positive Qs with increasing earnings in each Q]. This is the first tech company to give a forecast for something other than the current Q that I've heard this year.

Ian
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