Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.92

+3.1%

Nov 24 3:59 PM EST

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To: Gottfried who wrote (23907)	9/7/1998 10:38:00 AM
From: Big Bucks	Read Replies (2) of 70976

GM, If the market perceives Greenspans' commentary as favorable for an interest rate cut, then it will likely rally, which then makes a rate cut unnecessary, and then your comment about stocks being undervalued will likely no longer be true. If a rally pushes the market to Abby Cohen's projection level of 9300 then the FED will likely increase the interest rate as it will be significantly overvalued relative to global markets bringing the spectre of a recession closer to reality. If the market perceives that A.G.'s comments are neutral concerning a rate cut then more day to day volatility on value speculation by traders. Stocks will respond to day to day news events, options expiration and earnings announcements with much volatility. I project the latter scenario. After all it is a snake, isn't it?? BB

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