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

To: Shoibal Datta who wrote (42811)	2/28/2001 11:37:38 AM
From: michael97123	Respond to of 70976

SD, Market needs to accept reality and go back to the business of trying to anticipate future trends. If there were a rate cut now, its effect on the markets would be shortlived anyway. The American investor has become like a spoiled child. The market will eventually bottom in here and we will get at minimum a technical bounce. But it looks inevitable at this point that we will pierce 2000 on the downside which will trigger even some more selling. I hope that this does not happen but i am prepared. mike

To: Shoibal Datta who wrote (42811)	2/28/2001 11:37:39 AM
From: michael97123	Respond to of 70976

SD, Market needs to accept reality and go back to the business of trying to anticipate future trends. If there were a rate cut now, its effect on the markets would be shortlived anyway. The American investor has become like a spoiled child. The market will eventually bottom in here and we will get at minimum a technical bounce. But it looks inevitable at this point that we will pierce 2000 on the downside which will trigger even some more selling. I hope that this does not happen but i am prepared. mike

To: Shoibal Datta who wrote (42811)	2/28/2001 11:37:39 AM
From: michael97123	Read Replies (1) \| Respond to of 70976

SD, Market needs to accept reality and go back to the business of trying to anticipate future trends. If there were a rate cut now, its effect on the markets would be shortlived anyway. The American investor has become like a spoiled child. The market will eventually bottom in here and we will get at minimum a technical bounce. But it looks inevitable at this point that we will pierce 2000 on the downside which will trigger even some more selling. I hope that this does not happen but i am prepared. mike

To: Shoibal Datta who wrote (42811)	2/28/2001 1:06:55 PM
From: Dave	Respond to of 70976

[The Fed] did not have a part in the crazy 1998-2000 run. Sure it did. Greedspan printed money in an historically unprecedented frenzy keep us liquid during the big Y2K panic that forgot to happen. The markets were more than happy to sop up the excess and blow it on EToys and amazon.com paper. Greedspan hadn't even taken back all of those pre-Y2K rate decreases when suddenly he's back at the money-printing controls again. This time though, the markets aren't interested. Dave