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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Henry D who wrote (31011)	6/14/1999 2:43:00 PM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Henry D, Last year Alan decreased interest rates 3 times at 1/4 point each to help the ailing economies in Asia and elsewhere. Now those economies are recovering and a 1/4 increase this month is not bad at all --- many will welcome the move as an insurance for a continued Low-Inflation environment. The Bond Market and the Dow 30 which went mountain climbing this spring while the Semis and Semi-Equips Rested are exhausted. Some money from them will find solace in the Twin Semi Sectors. A Rapid Fire increase in Interest Rates should be negative for the whole Market but that will not happen --- an increase this month and then a wait-and-see for the next month is in order. Meanwhile, AMAT should have the time to Sneak to 100 in August to October...