Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: Gottfried who wrote (2794)	8/31/2002 2:25:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 25522

Gottfried, >> the interviewees, while bearish, are not wild-eyed bears. No, just wild eyed hallucinators. to wit: unprecedented participation by the public and foreigners in the stock market, Are they nutso ? Foreigners sold their holdings and took their money to Euro and Yen. The stability of the dollar says that process is complete for now. Probably until a shooting war starts. Consumer spending is starting to fade after being the major driver of the economy. The latest reading was consumer spending up 1% in July. That was one of the largest increases on record. It wouldn't bother me if they said we like to short stocks, it's just in our blood, and it is working for now. But the reasoning is not compatible with the conclusion. Though I see some people short AMAT at 13 1/2 and sleep soundly. So maybe these fellas know something. Sarmad

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