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


To: Paul V. who wrote (32452)9/11/1999 1:16:00 PM
From: Tito L. Nisperos Jr.  Read Replies (1) | Respond to of 70976
 
Paul V,

To many Investors, Alan Greenspan is a Meddling Pest who keeps on resurfacing when things are going smoothly well. Not content on Raising or Lowering Interest Rates to Control the Market, he sides with the Bears by suggesting the Market is Too High. When did he side with the Bulls by suggesting the Market is Too Low? CNBC knows the power of the man's tongue --- when it wants the market to go down (for selfish business reasons) --- it wants to HiLight Greenspan, seeking the man wherever he goes to let Investors hear what he says (I won't be surprised if CNBC is going to broadcast even Alan's attendance of his grandson's birthday party).

Sometimes I think he is a Pest but this time I think he is a Helpful Friend. I think Alan just wants to let the stock market stay where it is now or let it Go Higher but Not Too High to invite a Crash. --- a Crash which we can ill afford at a time when we are afraid what the Y2K problem will bring us.

If my Psychoanalysis of Alan Greenspan is on target, I think AMAT has a chance to sneak higher to 100+ considering the Semi Business is Booming. 100 is just 20 points away from 80. We might not see the likes of 1995 and 1997 when AMAT hit the HI's in Aug then Dropped 50 to 63% the following months. We might see the likes of 1993 when the stock hit the Highest in Sep, dropped a little then surpassed the HI right at the last trading day of the year, then continued the Bull Market the following year and the next and so on ...