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Politics : Formerly About Applied Materials

AMAT 260.77

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Dec 24 12:59 PM EST

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To: Gottfried who wrote (52902)	9/23/2001 12:22:00 PM
From: Alastair McIntosh	Read Replies (1) of 70976

Gottfried and daryll, the $55 earnings per share estimate for the S&P is from Sept. 7. You can be sure that the next estimates will be substantially lower. It does not make sense to use current values of the S&P with old earnings estimates. This is not the only "rub". The long bond will soon start to price in inflation and the yields will start to back up. A very misleading article from Barrons. Al

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