Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: John Trader who wrote (48855)	7/8/2001 3:30:18 PM
From: Gottfried	Read Replies (3) of 70976

John, re >It is almost like the reverse of the "this time it is different argument" we had in the spring of 2000 where bulls argued that our ideas on valuation needed to change because of the "new economy", etc.< Heck, late August 2000 you coulda paid $1,995 for a report forecasting Blue Skies till 2003. Message 16043316 But nothing can stop the forecasters from forecasting. They can't just say "we have no idea" and admit that their most logical predictions are often wrong. Gene Epstein covers the subject in "Busted Crystal Balls" in the current Barron's. Of course all the forecasters have impeccable credentials. interactive.wsj.com Gottfried

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