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

To: Sam Citron who wrote (43723)	3/14/2001 12:11:28 PM
From: Shoibal Datta	Read Replies (2) \| Respond to of 70976

Sam, I can't pretend to say I understand economics. But I see it from a far more simplistic standpoint. We get our regular data-feeds on the health of the US economy. For the first few months the warnings included the standard "weakening US economy" rider. Recently, all the big companies have started adding a "weakening in all geographical markets" statement. What does that mean for the companies doing business there? Is the ROW's economical rebound going to be that much faster than the US's? Nobody knows. That's why we're seeing this daily "lay-off" news. Companies do not lay off employees at the end of the down turn. It just doesn't make sense (although I am open to any and all persuasive arguments). There is more to come and the companies are sensing it. I was referring to the Fitch/Japanese bank downgrade. I am not suggesting that a bottom is imminent - I don't know. But I don't think the market really has a handle on what's going to happen next. And that worries me from the standpoint of an investor who is long.