Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 233.73

+1.5%

10:48 AM EST

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To: Ramsey Su who wrote (22281)	7/30/1998 4:57:00 PM
From: 16yearcycle	Read Replies (3) of 70976

Ramsey, we are lost now. My point was that fear of Buffett's maneuvers and Greenspan's words is presently misplaced. I have given reasons why. Many of you will do anything to defend a position that you have taken. When has Greenspan eased when he said he would tighten? Why should he ease to save Asia? Our economy is blasting along and he should ease? He is as clear as he can be given his responsibilities. It isn't tough to read between the lines. Why does everyone repeatedly love to argue that the market is sky high when it is so obvious? Shouldn't time be spent on trying to figure out why it keeps sailing away? There may be some reasons. We have a long bond rate of 5.7%. Within 2 years, the dow will earn about 480. A pe of 24 on that will get the average to 11,520. There is a powerful upward bias to this market. The underpinnings are too strong for a bear market to occur, soon. Money flows and inflation will be the key, and will be bring eventual disaster.

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