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Politics : Formerly About Applied Materials
AMAT 230.17-1.4%Nov 7 9:30 AM EST

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To: Gottfried who wrote (64987)7/23/2002 8:40:42 AM
From: michael97123  Read Replies (1) of 70976
 
Gottfried,
Being a boomer and having just experienced this 2.5 year crash i have to remember to lighten up after the prayed for summer rally.
Baby boomer demographics argument has changed forever. Boomers will be more cautious because of what happened and younger investors either will be gun shy or have already lost their money. Now real estate is the place to be for them. This must be the basis of zeevs secular bear market he talks about.
On the cyclical side, huge amounts of cash on the side, hedge funds turning bullish, short covering by nervous shorts at some point soon i hope, Greenspan dollar flood and perhaps a dramatic rate cut in here, devalued dollar leading to higher exports, rising unemployment and workers with no pricing power yielding higher productivity, massive govt IT spending followed by private sector spending to replace y2k stuff next year---THIS IS A POWERFUL BULLISH ARGUMENT FOLKS that could overwhelm the secular bear into the early part of next year. mike
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