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Politics : Formerly About Applied Materials
AMAT 292.20-1.2%Jan 7 3:59 PM EST

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To: Proud_Infidel who wrote (49737)7/25/2001 8:13:54 AM
From: michael97123  Read Replies (1) of 70976
 
Intellectually we know the bottom is in. The problem is that it seems to get worse just as things are really turning. It seems to me that the market is taking out its fury on previously unscathed sectors. As i remember it, tech and transportation always lead us out of a bear market. So when the rally comes, look for leadership there. Indeed how much lower can they go. Naz held up well over the last two days considering the carnage. Cisco, Oracle, Intel, holding up well. Bad news should start to be ignored because already factored in the prices. Remember this quarter, unlike the previous one, has crushed stocks on warnings and then on earnings even though reduced earnings have been mostly met. As Bob Dylan wrote, The Times they are a changing. mike

PS How about all those analysts who were pumping financials because rates were coming down? Another black eye for that lovely profession. I see these guys every day and they are clueless. All they do is crunch some numbers and guess, much like us.
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