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Politics : Formerly About Applied Materials

AMAT 262.13

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12:34 PM EST

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To: Jacob Snyder who wrote (53902)	10/18/2001 12:49:40 AM
From: Wildstar	Read Replies (1) of 70976

Jacob, Re: Market valuation Nice post (the one which I am responding too). The one thing you didn't mention is that the Nasdaq was quite possibly the biggest bubble in US history during the late 90's. The recovery may not follow "normal" patterns. I read this quote on another thread: Speculative bull markets have NEVER (keyword there) NEVER bottomed at levels above the historic trailing mean valuation multiples...quite the opposite in fact. I don't know the validity of this statement, but if true the Nasdaq still has a long way to fall in the future.

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