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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST
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To: Gottfried who wrote (24655)9/27/1998 1:25:00 PM
From: John L.  Read Replies (2) of 70976
 
These predictions are meaningless, for every prediction of 5000 sometime in '99 you can find a fool to say 2000. If recession hits his prediction will come true, if Japan and Asia recover the optimist could be right. I would bet either one of these people that they are wrong since it is rare that either extreme point is reached. The fed will act well before a drastic drop and the rest of the world will become more motivated to clean up there act if exports to the US stall. We are consuming the majority of the world goods now, if sentiment turns spending dries up and our imports will drop causing Japan to deal with there problems. Time will tell but slow improvement seems like the direction we are headed with fed easing next week and hopefully Japan dealing with there banking problems soon.
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