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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: michael97123 who wrote (60971)2/26/2002 11:58:10 AM
From: Return to Sender  Read Replies (1) of 70976
 
Mike I agree. People often say one thing then do another. The consumer has been actively supporting the economy throughout this Bear Market.

I'm still predicting a strong week for AMAT and the NASDAQ as well but largely due to the overwhelming pessimism and a simple bounce higher in the range.

How much long-term position buying are we seeing?

Not enough to keep a sustainable rise going without a lot of good news in my opinion. NASDAQ 1800 and SOX 570 later this week.

Rally towards the end of the session today.

Out on a limb. RtS
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