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

To: michael97123 who wrote (45572)	4/19/2001 12:41:52 AM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

Yes, I expect a pull back to lower levels. In fact, I don't think we have seen the lows. I sold AMAT and KLAC because I see last year's highs as the highs for this up cycle. I will continue to look for the stocks to fall into my buy ranges. It is interesting to see sentiment change so rapidly, but that is necessary for both bear rallies or the start of a new bull. After the performance of the investment community and the tech CEOs the past year, it seems obvious that there are no reliable prognosticators in either group. I have read negative sequential sales this quarter with negative sequential sales next quarter ad nauseaum. This would be the source of a new bull if prices were too low, but that is not the case. Greenspan only has 9 more 1/2 point decreases left. What do the Japanese do when rates are at zero? Charge depositors interest?