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

To: michael97123 who wrote (37734)	10/3/2000 2:14:14 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

Yes, that is very possible. It could be that this decline in AMAT is just giving back the late1999-to-early2000 spasm of irrational exuberance, and we are now going to continue the uptrend in tech stocks, using the late1998-to-mid1999 trend as a baseline. If that is true, we could be near a bottom in AMAT, as we have now given back all the year-2000 gains. The Fed does nothing, no change in rates or bias. They are (still) more worried about tight labor markets causing inflation, than about the possibility of a hard landing next year.