Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: Big Bucks who wrote (24100)	9/10/1998 11:58:00 PM
From: Big Bucks	Read Replies (4) of 70976

Just an observation, since about 1970 there have been several major market corrections of about 30-45% from the peaks. If historical precedence is maintained then we still have about another 15-25% (from the peak of 9300) more downside to come before the markets bottom, that would put the DOW at somewhere around 6000 +/- 300 as a rough estimate. Just speculating here on a worst case scenario. I know things are "different" now, but the markets are cyclical and we've had a nice run. This is a "global" economy after all. Just my opinion, BB

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