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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (2317)	12/22/1999 12:41:00 PM
From: lrrp	Read Replies (2) \| Respond to of 3661

Ian, hope your well. I read with great interest your economic view on the cymi thread; I must say that I personally have seen the semis blast off and that only makes me nervous; instead of bullfully joyful; What concerns me is the day to day talk I hear from my friends; ie quit your day job and buy the internet! Im trying to get a laymans view of the worst case scenario( I guess terminal illness is that; sudden death would be better!)<G> IN any case, it appears to me the Fed will continue to tighten; the money supply has been tightened and Mr Greenspan still made his comment about irrational exuberance; So lets say in as many ways as possible, the fed tightens and over does it; Lets say there is a recession; and even tho the s&p 490 has not participated in this market expansion;( the public perception is daily market highs for the nasdaq; I dont know for sure, but I see in my neighborhood houses for 500k to 1mill and I have no idea who is buying them and how they are financing this; I fear it is with their paper money and I wonder what the level of debt for the average guy is; say on his credit cards.) If the perceived wealth effect is damaged and people stop spending ; then what happens to the stocks that sell at the peak psr; p/e historically and the ones that have no e at all. Where do we go in a recession? It seems so clear in hindsight; but now Phillip Morris, looks awfully tempting with that "bond" yield, even tho it is considered medically and morally offensive and poor judgement to own it! Thanks for reading this rambling; still trying to get a handle on the future; ps, still patiently for intel to buy atleast one mattson cvd machine, steve