Formerly About Applied Materials Message Board

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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 6:23:00 PM
From: Proud_Infidel	Read Replies (1) of 70976

Although I'm a little more sanguine about the market than Murphy, I do believe we will see a rotational Bear market- we are already seeing it so this isn't really earth-shattering news. Not all sectors will fall and most(none?) should fall 40% from here. That's a little extreme IMO. Look at the Poster Child of overvaluation-KO. It's now down about 40% from its high. Much of the risk has been removed from the market by the bleeding we've seen lately, especially in the techs over the past year. IMO companies like KO will lag behind sectors which are already a year into their Bear market; sector like the equips and the drillers. I am placing my bets that the SOX and the semis will stage a recovery in early/mid 99 and the equips will follow a similar trajectory with the big gains made this time next year and into 2000. BK

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