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

To: John Trader who wrote (49093)	7/12/2001 7:43:02 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

John, This thing is real hard to figure out, I think your first two paragraphs hit the nail on the head. The market is not always right, as is the common saying. Learning to see these market overreactions is the only way to outdistance oneself from the pack. What we are now seeing is "investors," for lack of a better word, not wanting to be in any equity regardless of what is happening with monetary policy etc. This is the exact opposite of what we witnessed 18 months ago, and yet everyone is now feeling a common type of despair, much the same as most were feeling jubilant 18 months ago. This is quite an odd type of behavior, to be influenced so greatly simply because others are, yet it is what makes the market. Saying "the market is always right" makes an assumption that human judgement is always right as a large population, since humans are what make the market. This is clearly not so. BK

To: John Trader who wrote (49093)	7/12/2001 11:08:20 AM
From: Cary Salsberg	Read Replies (3) \| Respond to of 70976

You start with a quantitative target, above NASDAQ 3000 in one year. Then, what follows is qualitative hand waving, not all of which I can agree or disagree with. I think your success in the market will dramatically increase when you start picking quantitative targets that you are able to support with quantitative models that are generally considered reasonable. If quantitative support for NASDAQ 3000 is too difficult, pick quantitative targets for individual stocks or stock sectors, e. g. semi-equips.