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

To: not925 who wrote (53524)	10/2/2001 11:38:07 AM
From: Sam Citron	Respond to of 70976

[Templeton] explains in an exclusive interview with CNBC’s Consuelo Mack why the next five to 10 years could be one long bear market. I taped both interviews and he never said this. What he did say was: The odds are in favor of it being at least another year, maybe two or three years more, of down bear markets.

To: not925 who wrote (53524)	10/2/2001 2:43:03 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

not925, thanks for posting the Templeton interview. He says the Naz is still too high but tempers that with saying in particular cases stocks are low enough. >Mack: The Nasdaq for instance, has gone down 70% since its high reached in March 2000. That's still not enough for you? Still not low enough? Sir John: In particular cases, yes, but not as a whole. If you look at what are the earnings on those stocks -- let’s say the Nasdaq 100 stocks -- the last time I looked, it was selling at infinite price/earnings ratios because the group as a whole had no earnings. So it’s still too soon to expect a bottom in technology stocks.< That makes the case for not trading QQQ because many poor performers are keeping it down. Invest in still profitable Nasdaq companies instead. Gottfried