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

To: michael97123 who wrote (46644)	5/12/2001 6:22:48 PM
From: Cary Salsberg	Read Replies (2) \| Respond to of 70976

Mike, Today, I read some Merrill Lynch reports on tech. In a nutshell, they think that the NASDAQ will retest the recent lows and go lower. They believe that tech fundamentals are terrrible, and that the market has been ignoring this. As the fundamental picture becomes clearer, they believe that it will drive the market lower. I don't favor Merrill over other firms, but I have had a CMA account with them for ~20 years (wife's checking and Visa debit account) and I have access to Merrill Lynch Online.

To: michael97123 who wrote (46644)	5/13/2001 9:38:11 PM
From: norm chin	Respond to of 70976

Mike, "Now we need to get thru the Fed announcement." If we're long-termers, this should not matter much. In fact, if there are overactions, I would be among those that are going to capitalize on the opportunities. It's close to a foregone conclusion that the FED will drop the rates by 1/2% even with consumer confidence inching upward. In addition to his official source of input, it appears Mr Greenspan has been getting earfuls from business leaders complaining about the economy. And as we know, the global economy is showing sign of weakness. What's is far more difficult to "decipher" is their involvements subsequent to next week. "Fed already has stabilized the situation." They deserve partial credit. Keep in mind that equities have been battered for about a year now. The aftermath of this carnage (a severe share price decline in many cases) is a major contributor to their relative stability. And it seems many "shorties" know that at current valuations, heavy shorting can be detrimental to their financial health. What I would be most concerned about if I were a short-termer is the game Wall Street plays as brokerages, their cohorts and certain news media manipulate info (almost on a daily basis) to suit their agendas. norm.