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

To: Gottfried who wrote (50134)	8/2/2001 7:32:05 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

RE: "Even the optimists only expect slow growth after the decline is arrested." OK, we have "soon" and "slow growth." Add "bottom" revenues and earnings and "historical" valuations, and we can produce price forecasts. But we don't want to do that. "Soon" and "slow growth" mean that prices will rise slowly from current prices and then accelerate to all time highs. The market is the adult version of the fairy tale. If we all think good thoughts and put our money at risk the feel good scenario can be realized. We just need to avoid that kid who said the emperor wasn't wearing clothes.