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

To: Sam Citron who wrote (43588)	3/12/2001 4:26:57 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

started this as a private reply to Sam but maybe it is good to go public Sam, No, not on margin, Thank God! And most of my assets are in cash or cash equivalents but i have a sizable chunk in tech. I talked myself out of taking many gains last year because all were short term and i am in that 39.6 bracket we all talk so much. about. My tech portfolio is down the same 60% as nasdaq. Who woulda thunk it? Its a humbling experience. I suspect we all must go thru these things in life. As you can see I am trying to be philosophical here but it hurts like hell. My belief is that in two years time we will double from whatever the bottom is. I suspect Greenspan will be intervening in some way sooner rather than later, probably tomorrow. The whole world economy is in jeapordy from this nasdaq collapse and Yardeni is right, we will move into deflation if AG doesnt act soon. There cant be inflation in a situation like this. What is he afraid of? Next unemployment numbers will be bad. Thats what the focus should be on--whats coming, not what happened. . MIke

To: Sam Citron who wrote (43588)	3/12/2001 4:37:54 PM
From: Katherine Derbyshire	Read Replies (1) \| Respond to of 70976

I thought deflation was the worry post-Asian financial crisis. Yardeni is behind the times! :-) Although deflation is one of the worries inherent in free trade and free flow of information. Free trade means the sale can always go to the cheapest producer, and free flow of information means the customer can always figure out who the cheapest producer is. IMO, this is more of a worry for other countries than for the US. The US has already mostly given up on trying to be the cheapest producer, and is well on its way to an economy based on higher value (such as information and services) rather than lower price. Katherine