Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.31

-5.6%

Jan 30 3:59 PM EST

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To: Ian@SI who wrote (23088)	8/19/1998 2:16:00 PM
From: 16yearcycle	Read Replies (1) of 70976

From Fleckenstein: "So if we had a typical correction back to what is an expensive price, you could have a bear market of 30 or 40 percent" There is probably no point in responding to this, since I think very few readers of this thread could be taken in by this nonsense, but I have to add that a 30-40% correction would give a pe of 12-15 for the overall market. This is with bonds at record low yields, the budget "balanced," and the large cap stocks dominating their respective businesses throughout the world. The last time pe's were that low, inflation was running rampant and roe was in the single digits in corporate america. I am alarmed that Bill G. has any money with this guy, if it is true. I thought he was smarter than that. I am liquidating my msft stock now. ;>)

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