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

To: John Trader who wrote (45229)	4/8/2001 1:09:01 PM
From: XBrit	Read Replies (1) \| Respond to of 70976

<<the latest Money mag suggests that AMAT could go to a P/S of 2>> AMAT bottomed in 1996 with a P/S of 1.2. I guess Money Mag is optimistic.

To: John Trader who wrote (45229)	4/8/2001 2:47:12 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

John, both - the SP and Naz - were down last year. But from 'Red Herring' comes hope [or despair]... >Wise men (and equally sagacious women, I'm sure) say only fools rush in. But could it be true that only fools rush out, too? According to money manager James Demmert of Main Street Research in Sausalito, California, over the past 50 years, the stock market has recovered 80 to 100 percent of its decline within 6 to 12 months of hitting a bottom. (Knowing when we've hit bottom is the problem.) Mr. Demmert says that the most important advances within a whole market cycle occur when emerging from economic slowdowns and/or recessions, and he urges people to at least stand their ground in the market rather than freak out and sell. Stephen Roach of Morgan Stanley Dean Witter sees it differently. He thinks the recent bubble-popping fits into a much longer cycle that points to a lengthy period of near stagnation.< redherring.com G.