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

To: michael97123 who wrote (37752)	10/3/2000 2:57:19 PM
From: Kirk ©	Read Replies (2) \| Respond to of 70976

>>My guess is Greenspan and Co. didn’t want to spark a stock market rally and are happy with it right where it is. >>I think it is the right decision! >Why? I think we are "on trend" for growth in the NASDAQ given its PEG. Abby seems to agree too. This I think the "Y2K Liquidity Bubble" and its following correction was caused by the FED just as it injected liquidity to "fix" the 1998 Asian Meltdown scare. Look at this chart... stockmaster.com they put in liquidity to get us through Y2K. People had TONS of cash burning holes in their pockets so they spent it... By about April they had to pay taxes on the gains they saw from selling the stocks and them market came down as the Fed had turned the liquidity spiggot off. Remember, many of us were selling SOME of our huge gains (and then buying stuff...) before Y2K to protect our gains (that is when I sold some LRCX @$28) and then afterwards as the gains continued and seemed to be getting ahead of valuation. Of course, many of us sold too early...but we sold after Y2K expecting a correction... the correction came, just much later then we thought and it thus has been larger. I STILL think it is a correction and I think my trend chart show it well. K