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Politics : Formerly About Applied Materials
AMAT 256.89-1.2%Dec 31 3:59 PM EST

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To: Proud_Infidel who wrote (52638)9/20/2001 1:19:40 PM
From: Jacob Snyder  Read Replies (1) of 70976
 
IMO, the point where this panic selling ends, is as impossible to predict as the point where the panic buying ended last year. But we are seeing, just in the last few days, some very encouraging signs. CNBC is talking about:

1. margin calls. In particular, Disney is the victim-of-the-day.
2. stock mutual fund redemptions.
3. the consensus has shifted to a certainty of a recession.
4. mass layoffs in many diverse industries (including semi and semiequip)
5. pervasive FUD, war and rumor of war, many people who said they were LTB&H last year give up, go to cash and bonds.
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