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Politics : Formerly About Applied Materials
AMAT 261.90+0.4%Dec 26 9:30 AM EST
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To: Proud_Infidel who wrote (50986)8/22/2001 9:09:53 AM
From: michael97123  Read Replies (1) of 70976
 
OT
I think i will be taking a break from this for awhile because once again i feel the market consuming me. There is more to life than this. And if we agree on that we can maintain our optimistic bent if the face of this economic downturn. In my opinion, the market clearly lost perspective yesterday in a big way. When we rallied in april, it turned out to be based on a premature recovery and the rally failed. It is now almost 5 months later. We have general consensus that things have bottomed and we will stay at the bottom for awhile with a robust recovery coming no later than mid 2002. I can live with that. If the market do in fact anticipate future trends and overshoot in either bull and bear markets, I think we are AT the point now where both are now the case. We have overshot on the downside and perhaps are now retesting that overshot, and if there will be a robust economy 2nd half next year we should begin to anticipate it in the markets. Maybe a few weeks more of this pain, maybe an october mess who knows. Cant time this thing(except AD) at all. So maybe its time to look away at more important things--family, friends etc. and remain confident that all will be well sooner rather than later. mike
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