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Politics : Formerly About Applied Materials
AMAT 228.68+1.2%Nov 17 3:59 PM EST

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To: scott_jiminez who wrote (50409)8/11/2001 12:02:13 PM
From: michael97123  Read Replies (1) of 70976
 
"< The current down cycle is not behaving as prior cycles have....>>"

Scott,
The current eco conditions are not behaving like earlier ones as well. Watch the interest rates come down. Why is it religion to you that all cycles must recreate past one. Learn from history--it doesnt repeat if its lessons are learned by folks in command. AG attempting to make this so as is current Bush admin I am sure. Maybe they wont succeed and amat will go to 25 or lower, but maybe they will and the market will recover sooner than you think. The jury is out. You may be right about the outcome but not the basic assumption. mike

PS Amat's overly high high in 2000 violates your rule but that was the bubble so there are exceptons
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