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Politics : Formerly About Applied Materials

AMAT 258.59

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To: Margarita who wrote (9766)	10/27/1997 4:07:00 PM
From: roly	Read Replies (3) of 70976

Margarita and All Let's see how the media is going to play this. They set up the market to a bearish condition last week. Investors were spooked and run today. I bet they will reverse the tone. I bet they will try to explain to the bright side of the market. Lets see how Allan will play this. His "unsustainable" comment I believe was also a factor. I bet his not gonna comment about "irrational exuberance for a while" Lastly, let's see how our politicians and economic leaders will play this. We have lost TRILLIONS of Dollars the last few days following a miniscule Hongkong market. Now they will be worried about the projected budget "Surplus". No more surplus for now. One bright note. My wife called me and told me that the market is way down (she normally doesn't follow the market but was aware that I've lost a lot of money the last 3 weeks). I told her "I've lost everything". She responded, "You still have me and the kids"!! Hope this loss today for the bulls will not result to dramatic change in our life. Look around, things are still the same and our loving family didn't even know whats going on. Take it easy. Roly

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