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Politics : Formerly About Applied Materials

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To: StanX Long who wrote (54958)	11/1/2001 12:21:05 AM
From: StanX Long	Read Replies (1) of 70976

Curb your enthusiasm A surprising number of tech stocks are doubling and tripling -- have investors gone mad? October 31, 2001: 5:31 p.m. ET By David Futrelle money.cnn.com NEW YORK (CNNmoney) - It's tough to figure out. Despite the selloff earlier this week, the Nasdaq is up a smart 16 percent from its low of 1,460 on Sept. 27 -- about where it stood before Sept. 11. That, despite the never-ending anthrax scares and other wartime anxieties. Plus, we're a long, long way from a real recovery in tech fundamentals, and the full extent of the fallout from Sept. 11 remains to be seen. Looking at individual stock performance makes the full existential absurdity of the latest rally all the more clear. According to Morningstar, more than 100 tech stocks (with market capitalizations of more than $250 million) are up 40 percent or more in the past month.

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