Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: Big Bucks who wrote (22788)	8/11/1998 4:07:00 PM
From: Proud_Infidel	Read Replies (3) of 70976

BB, We seem to have come off the lows of the day. I was hopin we'd again close down 300 points. Cos. like GE, KO, and a whole list of large cap stocks are not priced for disappointment. Should they go down another 10-15%? IMO, yes and I hope so. Otherwise this market is like a poorly constructed building- top-heavy and ready to tumble. The sooner we get the excesses out the better. I would not at all be surprised to see much additional bleeding in the large caps, but do not think we are in a classic Bear market where they languish for years. Simply too much liquidity with a fairly good picture. Low int. rates, low unemployment, etc etc. Asia will be worked out; it is just a matter of when. Once it is priced into some of the Big Boys I will feel much more comfortable. Contrary to the image painted of me by some on this thread, I am not a "raging Bull." BK

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