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

To: Guy Gordon who wrote (33722)	1/13/2000 2:31:00 AM
From: Jacob Snyder	Read Replies (4) \| Respond to of 70976

guy: re: "When was the last time that being bearish was profitable?" Answer: 1987. And being 6 months too early was better than one day too late. re: "what would it take for you to turn bullish? " Two things: 1. Interest rates:I have to be convinced the Fed is through raising rates. This, in turn, requires several other things. Consumption has to come down, savings have to go up, the trade deficit has to come down. 2. market breadth has to improve. From the bottom in October 1998, the market has advanced with ever-narrowing leadership. Half the stocks in the S&P 500 were down for 1999. Basically, the only stocks that went up were internets and tech. This is a classic sign of an approaching market top.