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Politics : Formerly About Applied Materials
AMAT 254.72+0.9%Dec 1 3:59 PM EST
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To: Teri Skogerboe who wrote (25573)10/21/1998 9:10:00 PM
From: 16yearcycle  Read Replies (1) of 70976
 
Hey, Teri! Where have you been?

Hope things are good. As I said, my problem with Fleck is that he has been negative forever. That is what he does. He in the same town as me, so I think i can say I am familiar with his work before he went national. It seems to me that he was at least short since dow 4500 from what I remember. If he ever goes long, I will revise my opinion of him. To be short since 4500 or before thoroughly convinces me that I should ignore him. That is a long enough "chapter" for me. Sounds like chapter 11 in fact.

Let me state for the 3rd time that he must be a terrific short buyer since he claims to be level with the market. That is awesome.

I agree that the market is not cheap anymore. I think it was a screaming buy at 1350. That is naz 1350, although I was tempted to leave it at 1350 just for fun.

Earnings growth is being overstated for 99. Do you remember my 1/98 projection for this year: it was flat 1998 earnings, and a high of dow 9200. I was pretty close. I'll take a better stab at 99 when we get to 99, but I am going to say 0-5% growth. After 2 poor years, it would not be surprising to return to double digit growth for 2-3 years, so I am optimistic on the long haul.
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