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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (37478)	3/23/2001 3:49:23 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

AMAT NOK $2 billion and $ 1.5 Billion buy back plan, music to my ears atleast.. They go for the big buyback as what bears call amidst a dead cat bounce that begins to move the global markets!! Now companies don't buy stocks in recessions and big deflations, when you have heard a Japanese bank buying its sotcks?? If stocks are going to be cheaper next year why should they buy now, and AMAT is not htat cheap and b to b below 81 should have spelled disaster..according to some,,.. Applied Materials (AMAT: news, msgs, alerts) rose $2 to $51.44 after the chipmaker said it plans to buy back up to $2 billion of its shares over the next three years. The company may also make additional share repurchases from time to time, depending on market conditions, share price and other factors. Shares of Nokia (NOK: news, msgs, alerts) were up $1.11 to $26.11 after the Finnish telecom giant said it would buy back up to 50 million shares of its stock beginning as soon as Mar. 30.

To: IQBAL LATIF who wrote (37478)	3/23/2001 3:49:23 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

The tone is changing..<<Sargen was dismissive of the bear marker. "If this isn't a bear market, I don't know what is," Sargen said. "People are in denial if they believe we haven't been in this bear market for some time." Even so, Sargen advises that now may be a great time to pick up some excellent companies at relatively attractive prices. "Whatever the Fed does will take time, but if you are a long-term investor, get in and stop trying to time the market," he said. "To bet against the Fed is to bet against history.">> <<"There's been a severe sell-off and now people are coming in and thinking that it's been overdone," said Michael Mahoney, who manages two global equity funds at Toronto-based Synergy Mutual Funds. "People wanted more from the Federal Reserve, but I don't know what more they can give. The Fed's cutting rates and cutting aggressively." American Express (AXP: news, msgs, alerts) rose 5 percent to $36.50, CitiGroup (C: news, msgs, alerts) jumped 4.2 percent to $42.30 and J.P. Morgan (JPM: news, msgs, alerts) rose 5 percent to $40.99. The S&P Bank Index rose 4.7 percent and the Amex Securities Broker/Dealer Index advanced 3 percent. "There are a lot of great companies out there and we continue to hold them, and whatever cash we have we are putting to work in the market," Mahoney said. Mahoney argued that as interest rates fall in North America and abroad, economies will begin to pick up and profits with them. >>