Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: Jacob Snyder who wrote (63848)	5/16/2002 7:41:16 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 70976

>> and there is no conceivable good news that could push us higher, short-term. Disagree. One thing weighing the market down is the erroneous interpretation of the un-employment claims number. The number of claims is increasing because they are counting applications for extended coverage as NEW CLAIMS. That is distorting the series. The effect of this extension should fizzle out gradually, and it will suddenly look like new unemployment claims dropped dramatically. When in fact they might be declining already. But the effect is obscured by the law that was passed a month ago, and is retro-active to year 2000.

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