Formerly About Applied Materials Message Board

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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: Jacob Snyder who wrote (22270)	7/30/1998 1:13:00 PM
From: 16yearcycle	Read Replies (1) of 70976

Only a fool would disagree with you and say we will charge forward from here but there are two flaws in your comments: 1. The fed may be threatening to raise rates, but they are flooding the system with money. What Greenspan does will always matter more than what he says. Do you really believe he will take a chance on throwing the US into a recession with a rate hike? Like I said a month ago, not until Asia stabilizes. So we will trade one problem for another. 2. This crap about Buffett kills me. He bought ~800 million dollars of silver, but paid 25 billion for whole company purchases in the past 10 months. 25 billion is more than 800 million. Are speculators made of such superficial stuff that they get all excited by this silver deal, and ignore a 20 billion dollar merger? I am all over gen re like ugly on a gorilla. Buffett laid out his purpose in doing this clearly for every moron in the world: he will convert gen re's conservative bond portfolio into equities. Finally, as was in the WSJ this am, the average nas stock has dropped as far from its highs as anytime since 1990. The correction is happening, it is a bit late to abandon ship now.

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