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

To: Gottfried who wrote (46685)	5/13/2001 2:12:39 PM
From: John Trader	Respond to of 70976

Gottfried, Thanks for posting that. One can argue as to how much affect it will have, but I don't think one can argue that the demographic situation isn't a plus here. John OT-Positive View on Stock Picking and GLW/CIEN in WSJ: May 13, 2001 Investors Should Focus Less on Market And More on Individual Companies By Suzanne Mcgee Staff Reporter of The Wall Street Journal public.wsj.com From the Article: ..."Return of Tech And even technology might come back into favor, Mr. Bannon says. He's particularly interested in fiber-optic companies. He considers Corning the blue-chip way to play the sector and Ciena as the riskier approach. Ciena just announced a new two-year sales agreement and has been raising its earnings outlook. Mr. Bannon, in fact, believes that the market can continue its rally this summer if a Fed rate cut is coupled with lower taxes. "What people don't realize is that we can get out of this situation much faster than anyone expects," he contends. Still, he thinks investors shouldn't focus too much on the broad market. "The key thing to remember is that you can't get too wrapped up in the fact that there won't be an immediate upturn for all stocks," he says. "You have to pick the survivors -- the candidates for outperformance." Bulls like Mr. Bannon look for cautious ways to play a continuing rally. By the same token, bears like Mr. Cantor are looking for ways to remain invested despite the uncertainty that the market rally will last. "You need to be fully invested -- the question is what you're going to buy," Mr. Cantor says. "The answer is finding good companies that prosper regardless of conditions."...

To: Gottfried who wrote (46685)	5/13/2001 7:08:35 PM
From: michael97123	Respond to of 70976

Gottfried, I went to the mall today to return something and it cost me $500 before I got out. My daughter bought a house she cannot really afford a month ago. I am helping. My niece and nephew today announced they bought a house. My son the lawyer is working 60 + hours a week and is making 150K(first job). My best friend had twins late in life and i spoke to him today and both graduated high school this year. One is going to Brandeis and the other Cornell(70 grand per year combined). My mother in law was over today for mothers day. She doesnt have a pot. Gave her some money as i do periodically with my parents who dont have much either. Money goes out faster than it comes in. Thats the baby boomers for you. It may all come crashing down one day, but i suspect not yet. mike

To: Gottfried who wrote (46685)	5/14/2001 1:42:54 AM
From: Pete Young	Read Replies (1) \| Respond to of 70976

In poor agrarian societies having kids is often an economic necessity to provide extra labor to tend the livestock and bring in the crops. In modern industrial societies having kids is a sign of optimism about the future. The birth rate is currently relatively high in the US and low in Japan... Optimism, yes. However, I understand that 70% of the population increase in the 1990's came from immigration, not baby boomers having lots of expensive little moments of optimism.