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Politics : Formerly About Applied Materials

AMAT 236.04

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9:46 AM EST

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To: Skeeter Bug who wrote (25559)	10/21/1998 11:40:00 AM
From: Gottfried	Read Replies (1) of 70976

Skeeter Bug, Fisher observed that high YE market P/Es are followed by a rising market the next year more often than not. Those are verifiable facts. Whether anyone chooses to invest under such overvalued conditions is his decision. If the decision is to stay on the side lines, the investor will lose out on a lot of upside potential according to Fishers findings. I don't advocate one or the other. G.

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