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

To: Proud_Infidel who wrote (44150)	3/21/2001 12:20:57 AM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

You state on the one hand that the Japanese market is selling at only one-half the book value here, and yet it has been in the grip of the bear for 11 years. Sorry Brian, but your incomprehensible logic and lack of eighth-grade command of sentence structure are not conducive to rational dialog.

To: Proud_Infidel who wrote (44150)	3/21/2001 7:58:36 AM
From: michael97123	Respond to of 70976

Brian, My commuting buddy works on the floor of the NY. Like me he is in his mid-50's. This is the worse he has seen it and he has been working there since the early 70's. Particularly on Wall Street, the "loss of wealth" effect is effecting folks on a very emotional level. Drilling down into my friends depression, you actually find horrible working conditions currently + personal losses in the market and 401k's. The capitulation this time around may not involve more selling. We boomers are pretty sturdy folks, confident of what the future holds. What the capitulation means this time around is a failure to buy---and that can be overcome by the institutions. For a brief couple of minutes yesterday, it looked like the markets would actually overcome the 50 point cuts. It didnt happen but I suspect the seeds were sown yesterday for a relief rally that might just be significant and hopefully signal a bottom. Mike