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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (112178)	5/23/2000 5:04:00 PM
From: chic_hearne	Read Replies (3) \| Respond to of 1570273

Re: I'm starting to get the feeling that he won't be satisfied until he (Greenspan) has caused a recession. Scumbria- Let's look at a few 52 week lows compared to current prices to see "just how bad" it's gotten. Naz- 3164 52 week low- 2339 Wow!!! The Naz sure has taken a beating, up only 825 points in the last year!!! SUNW- $72 52 week low- $27 CSCO- $51 52 week low- $26 ORCL- $63 52 week low- $11 INTC- $110 52 week low- $50 Do I need to go on? Do you get the point, or would using market caps help explain it better? I'm sorry if you feel AG has hurt your pocket book, but you are still probobly better off than a year ago. This bear market has nothing to do with interest rates or AG. If it wasn't that, there'd be another excuse. This is all due to valuations getting totally out of line. chic BTW- I think you know very little about AG, his economic policy, or his past actions. If you did, you wouldn't hold so much contempt for the man. If things truly do get bad, he will rescue the markets like he has done in the past, no doubt about it.

To: Scumbria who wrote (112178)	5/23/2000 5:28:00 PM
From: tejek	Read Replies (1) \| Respond to of 1570273

Scumbria Are you Catholic? Your posts have a common theme of guilt and retribution. I'm not trying to be critical, just making an observation. Its clear that chic believes in a strong punishment even if one does well. But I am not sure its fair to blame Catholicism. LOL The semiconductor industry has been growing at a phenomenal rate, and will continue to do so unless AG screws it up. I'm starting to get the feeling that he won't be satisfied until he has caused a recession. Next you will say AG is responsible for violence on TV. How can you blame this man for all the ills in the marketplace. First he is only one man on a board of 12(?) governors, many who are far more hawkish than he is. Secondly, it was not AG that encouraged us to buy QCOM at 600 when its revenues are growing 15% YOY and its P/E was north of 1000. For a man who is very rational, logical and fact oriented on most issues, your tirade against AG seems very emotional. Our financial system can ill afford fearful investors. Venture capital is dying a rapid death. Its had a setback, it will live to see another day IMO. ted

To: Scumbria who wrote (112178)	5/23/2000 6:04:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1570273

RE:"The semiconductor industry has been growing at a phenomenal rate, and will continue to do so unless AG screws it up. I'm starting to get the feeling that he won't be satisfied until he has caused a recession. Our financial system can ill afford fearful investors. Venture capital is dying a rapid death. This could be devastating to the computer industry." Relax Scumbria. This is normal, it's all about rate hikes, government intrusion (your buddy the DOJ), fear and greed. Just as the market got overbought, it will get oversold. I can appreciate how you feel, just when you were grasping for the prize, it got snatched away. Just as Clinton/Gore took credit when the market went up, they will fail to acknowledge any responsibility for it tanking. As I said before. the DOJ/microsoft fiasco is what pushed a teetering market over the edge. It often turns on one event, the underlying fundamentals being confirmed sooner or later. Before you know it, the enconomy will slow, california real estate will crash and the stock market will have already started up again. Jim