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Politics : Formerly About Applied Materials
AMAT 223.31-3.2%Nov 13 3:59 PM EST

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To: blake_paterson who wrote (26283)11/15/1998 7:09:00 PM
From: Gottfried  Read Replies (3) of 70976
 
blake/all, "As you requested, here is your reminder from Applied Materials regarding our Fourth Quarter 1998 Earnings Release at 1:30
p.m. (Pacific Time), which will take place 11/17/98."

The reminder came by e-mail.

Blake, on your favorite topic: wouldn't it be profitable if
someone had the power to scare investors every 6 months or so.
Investors would sell cheap, someone could buy cheap. Then someone
declares all is OK now, investors reinvest their cash in stock. Someone scares them again. Etc.

Nah. Couldn't happen.;)

Here's what Rukeyser says...

One of the reasons I told you last month that this steep selloff was "scarcely the
end of the world or even of the bull market" was the rapidity with which
excessive pessimism accumulated in Wall Street. The mass of newsletter writers
(one of the finest contrary indicators of the past three millennia) turned
famously—indeed, screechingly—bearish. Some leading brokerage houses,
which you might think would have known better after all these years, chose
moments near the bottom to issue dire warnings of very much worse to come.
The Wrong Way Corrigans were briefly in their element, and after years of
embarrassing misdirection they savored every second.


pbs.org

Gottfried
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