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

To: Rick Storm who wrote (49656)	7/24/2001 8:52:23 AM
From: robert b furman	Read Replies (2) \| Respond to of 70976

Hi Rick, In today's Investor's Business Daily" within "The Big Picture" section second to the last paragraph : {No wonder individual investors are getting worn out.Three months of grinding trading has left only 40 %of Americans expressing optimism about the stock market,according to a Gallup and UBS Paine Webber poll.It's the lowest level since the index was established in 1996. Of course the market is the master of reverse psychology.When the crowd can't stand stocks,its usually a good time to buy.}. What did Ted Warren used to say about consolidations(which is what I think we are in): "Consolidations give the tape watcher and others impressions of weakness.This very dullness and weak appearance indicates to an investolator that there is a great buildup of underlying strength.If an investolator should ever become excited,it is when he sees actions of this type." I continue to believe we are in a slow grinding consolidation.If you doubt it, look at the institutional buying that jumped on Nvls when it gapped down ( to 43.90) last week at the open(hint it was on it 200 day moving average).This slow grinding is stealth like, so accumulation can occur at the lowest possible price.Institutions are very quietly buying up great companies at bargain basement prices. It is boring and dull. It is also the very best of value on the most dynamic growth companies who WILL RISE TO GROW AGAIN - it just might be 6 months and at a slower rate than before. It is time to:( get excited and buy as aggressively as one can afford). JMHO Bob

To: Rick Storm who wrote (49656)	7/24/2001 11:28:43 AM
From: BWAC	Respond to of 70976

Rick, <maybe we are reaching this point now; but so many sentiment indicators now show flat; > Is continuing month after month of record short interest numbers a flat sentiment indicator? Asking managers whether they are bullish or bearish doesn't show what the underlying current is. Record short sales does. Mutual funds bailing out of tech does. Stocks trading at 1996 prices does. Profitable companies trading at near tangible book value does. All these are real huge sentiment facts, not just indicators. And at this general point in time, if you aren't bullish on the future, then we all have a lot more to worry about in life than money and investing.