Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.25

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Nov 28 9:30 AM EST

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To: Big Bucks who wrote (25433)	10/17/1998 4:54:00 PM
From: Gottfried	Read Replies (1) of 70976

Big Bucks, [edited] I think you see things more clearly than this "what if" article. Some experts say the market's moonshot recovery is not sustainable. Agreed. The market will fluctuate. ''Nothing has changed significantly in the global economic environment since the market topped out in July and went into a tailspin, and yet, this market is still straight up in the air,'' said Richard Smiley, chief executive officer of Union Bank of California Investment Services. So the 1/2 drop in rates here and the measures by Japan to begin to address their banking problems are nothing? ''Markets do not go through that level of decimation and bounce right back,'' he said. It DID bounce right back, didn't it? But I think it will drop a bit again before going into a trading range. ''What will happen when it drops 30 or 40 percent? Then we could get a full scale panic.'' What if El Nina never comes and killer bees invade the continent next spring? Gottfried

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