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Politics : Formerly About Applied Materials
AMAT 226.05+1.3%Nov 14 9:30 AM EST

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To: Gottfried who wrote (64887)7/15/2002 9:30:06 PM
From: Donald Wennerstrom  Read Replies (4) of 70976
 
It would be nice to have a numerical way of measuring the smugness, but another way is to integrate the "doom and gloom" messages that appear on all the bulletin boards, not only on SI, but other boards as well.

From my perusing the boards, I would say the "doom and gloom" index is pretty high right now! All I hear are the negatives about how bad things are, and most importantly, how much worse they are going to get before things "turn around". Never a peep is mentioned about the positives in the economy.

The market is supposed to be forward looking I am told. It should be looking out 9 to 12 months, but that is not what I see. The words I hear everywhere talk about the next couple of weeks, or maybe a month or 2. We are in the middle of July now, therefore only 5 and 1/2 months to the new year, but you would never know it by "listening" to the media, analysts, etc. It's really about how bad things are now and how much worse it is going to be in the immediate future.

Don
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