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Politics : Formerly About Applied Materials

AMAT 222.53

-2.7%

10:45 AM EST

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To: Cary Salsberg who wrote (50420)	8/12/2001 11:20:01 AM
From: michael97123	Read Replies (4) of 70976

"I have ignored Mike to keep from upsetting him with my responses to his posts, but we have engaged in friendly and productive exchanges of private messages." Thread, What Cary says is true. I think he could be nicer on the thread. I believe I have encouraged John to PM him in a note I sent to John. John is a great guy and perhaps Cary should drop him a line. I think Brians point about back up for opinions is valid. I dont think Cary's lows will be hit but I have been frightened a bit by the last several weeks. It is amazing to me that the market held up thursday/friday and if we can get a rally going this week and then Greenspan and some better rebate and interest rate economic numbers maybe we can finally put the bottom behind us. What really spooks me is that if we get to 1650 nasdaq we may have that october crash again down to who knows what. All the news i read and hear this weekend is bearish and that i guess is bullish. Being an eternal optimist is difficult in times like this but my belief remains that AG & W cant afford to lose this battle and the market is the most important thing to be defended. Can the economy survive 1000 nasdaq? That alone would rock consumer spending and a renewal of corporate spending. Severe recession would occur on top of what we have now. So my belief is that AG will do whatever it takes to prevent a renewed slide. My fear is the pushing string scenario. I know, I know, pure rambling on a rainy sunday in NJ. mike PS Beside interest rate cuts are there any other actions the gov't can take to support/help the markets?

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