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

To: John Trader who wrote (46297)	5/6/2001 10:01:49 AM
From: michael97123	Read Replies (1) \| Respond to of 70976

John, Now that I know we are going to 4000(3973) in November I will sleep less well because of what I imagine is his less than optimistic view of the future. This is what I worry about too. If we are too have another period of stagflation it will happen next year, not this one. I am hoping that tax cuts and especially some reform, plus an energy policy that addresses both supply and demand issues will help us avoid the 70's malaise that could come back to haunt us. Will we see Jimmy Carter in those silly sweaters and Gerald Ford with those WIN buttons? For those of you too young to remember WIN stands for Whip Inflation Now. In any case if nasdaq hits 3973, you and I John, should be the first ones to the exits after what happened to us last year. Mike

To: John Trader who wrote (46297)	5/6/2001 11:47:02 AM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

Hi John, I thought I heard him predict 3943 when I listened to NBR live. Thus the transcript would be correct. Usually these TA types do give a precise pinpoint number for the high / low or a date without any numbers. For Morrow to have provided both the date and the target high for the NASDAQ is unusual. While I tend to have a bullish disposition, I just can't imagine the NASDAQ getting back to 3900 this year. And while it wouldn't astonish me if it happened next year, I'd be somewhat surprised. FWIW, Ian.