Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 265.39

+4.2%

Dec 2 3:59 PM EST

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To: Jacob Snyder who wrote (64179)	6/3/2002 9:55:26 PM
From: michael97123	Read Replies (1) of 70976

Jacob, Thanks for the bright view. Government spending is growing rapidly along with money supply and falling interest rates but prices dont rise so no AG intervention. Falling dollar has something to do with that perhaps along with no pricing power for corporations. All of this inevitably leads to recovery. FDR said "We have nothing to fear but fear itself." Think that applies to the market these days? We worry about terrorism,nuclear war in south asia, and enronicity. They are all bad but these things are not worse than it was on 12/7/41(depression included). The folks consumed with fear now dominate the markets and may for awhile longer. Sanity will return if fear doesnt indeed paralyse us into making this a self fulfilling prophecy. I am going to read Brokaws book about the greatest generation. Our stock market losses pale in comparision to what those folks suffered during a war in the midst of a depression. They didnt whine like we do. Enuff said. mike

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