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

To: Proud_Infidel who wrote (44193)	3/21/2001 12:05:02 PM
From: Gottfried	Read Replies (3) \| Respond to of 70976

Brian, agree with your post. However, when I first bought INTC in 1994 the PE was close to 10. I don't see it going there now, but someone extrapolating the negative trend might. That's the hard part: believing in the V. As in semiconductor demand curve, shipment curve and semi equipment orders curve. Regards Gottfried

To: Proud_Infidel who wrote (44193)	3/21/2001 12:41:32 PM
From: Pink Minion	Respond to of 70976

Can you provide some basis upon why you believe this to be so, especially after we have already fallen 65% and the Fed is now aggresively lowering interest rates? I do not believe the market has ever kept falling in the face of lowering rates They've been saying "Don't fight the Fed" for the last 3 months. It hasn't helped. I gotta say "It's different this time" <ggg> I don't see the Naz breaking 1000, but I've learned not to be shocked. I personally believe a "recession" is good for the market and is part of the Darwin of Economics. When I worked as a Dilbert, the waste of money was in direct proportion to how well the company was doing. The economy has had a five year orgy and is bloated like fat zebra's in the wild. Darwin says the lions need to trim the population. When I look at the idiots that I used to work with at Nortel that got promoted to Directors and VP's, I shorted the crap out of it. I just wish I hadn't covered at 42, and I'm still kicking myself for not re-shorting it.