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

To: Big Bucks who wrote (32852)	10/18/1999 11:23:00 AM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

OT re inflation to BB, Actually, yes the value of MY $ generally buys me as much as it did last year. My pension increased by 1%; my rent increased by 2.9% - a bit of a loss there; I believe I'm spending a little less on food; I don't buy gas; 1L of skim milk went down from about $1.89Cdn to $1.79Cdn; the last round trip ticket between Eastern Canada and the West Coast cost me less than $280 including tax courtesy of Air Canada's Websaver fares; etc. I don't smoke or own a car, so my cost of living is different than that reflected by the CPI. ... and I expect that the majority of Americans could make a similar statement. And I can buy an extra box of Corn Flakes when they're on sale, something the CPI doesn't routinely consider. Re the Semi Equipment sector: I have bought into the bigger picture that we're seeing capacity builds now, that we're seeing the migration to 0.18µ; that we will see the transition to Cu and 0.15µ; and we'll see 300mm without any significant, longlasting correction in between. So yes, I'm still adding to my holdings in the sector. Not AMAT, but MTSN, CDN, and others that I believe represent solid, unrecognized value. No, I'm not selling; nor do I intend to do so before 300mm unless I see some indication that the fundamentals are about to change substantially. I have no intention of using my investments to support my lifestyle any time soon. And I have no intention of missing the growth that I see in this sector. And if that makes me a permabull, I'd observe that PermaBears are right one year in 4 on average, PermaBulls are right 3 years out of 4. I like the odds. Ian.