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

To: TGPTNDR who wrote (124620)	9/23/2000 9:00:51 PM
From: tejek	Respond to of 1570547

All the positive outlook in the world won't help if the market tanks ... and it won't help if AMD comes up short on October 11. I'm lots more sure that the second won't happen than the first. I think Friday's action was really important. Intel gave the markets all the excuse to crash and burn, and instead the markets rallied....I think that that made an important statement....that so long as the macro data does not change, it looks like we have put in our bottom. However next week there will be more earnings warnings and the Feds meeting so I think we will see more churning before there is the beginning of a good rally. I also think the quality of the rally depends on how good the earnings reports in Oct. are, and more importantly, the quality of the future guidance provided. I'm really concerned now with the interest rates -- though glad for the euro intervention as it looks like the FED has finally figured out that high US rates are Killing Europe & the rest of the world. Time to buy some PAP? I suspect that the European countries are getting it together.....the European Union is nothing short of a miracle and its been tough getting it off the ground......remember most of these countries were enemies just 50 years ago, hence the miracle. I think the valuation of the euro is really helping rather than hurting them....particularly the northern, wealthier and more developed countries like Germany where the inexpensive euro is reducing the cost of their products and the fast growing southern countries like Spain where the low cost euro is ratcheting up demand for their products even more. If its hurting anyone, its the countries that fall in between those two groups. At least that's my take on it. ted