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

To: Jacob Snyder who wrote (54688)	10/26/2001 1:38:43 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Jacob, I guess we have a shot at going thru 1800 today. I am still thinking of a wall of stock appearing at 2000 for those like me who might declare themselves even and take their chips off the table. Older boomers may have become far more conservative than they were before 9/11. I keep thinking that being liquid and risk averse can somehow protect my family during this war. The one good thing to note is that we are just about thru October. Only bin Laden could get the market to give us that black October day, we all fear. And maybe one of those little pebbles will locate that SOB after all. mike

To: Jacob Snyder who wrote (54688)	10/28/2001 7:41:14 PM
From: John Trader	Read Replies (2) \| Respond to of 70976

Jacob, Interesting post. I agree with the spacecraft analogy, and wish others in the world would see it that way. Regarding the John Maynard Keynes link, interesting. I probably need to read that one again. The comments at the end make complete sense to me. I wish I could drop a hint to GWB that the government could help out the high tech industry by a little spending right now. Airlines get help without hesitation, it does not seem fair. Plus technology is about efficiency, airplanes are not that efficient, IMHO (about as efficient as they can be right now, but F=MA, the laws of physics say it will cost you to move large masses around like that ...) Regarding buying AMAT on the dip, I hope that is still true. There are those arguing that the 90's were an anomaly, and that buy on the dip is no longer going to work, for a long time that is. However, I will go with my heart, and I still think technology will be of great benefit to us going forward. I respect the gloom and doom arguments, but I just can't understand why, on a long term basis at least, we should be invested in a stock like KO vs. something like AMAT that is and will continue to change the world. At some point Moore's Law may be an issue, but I don't see that for a while. I will probably go down with the ship, if it comes to that. The way things work, we will tend to get hit with the most bearish and most believable arguments to sell out right at the worst time. This is sort of a nasty game we are playing here. We are like those Alaskan Salmon trying to swim upstream. AMAT is a clear winner to me long term, I agree with you. Which others though? I am betting on several others, kind of scary - the argument is not as strong for them as for AMAT. I was thinking GLW was one, probably still is, but I sold most after the shut the plants down announcement (what next, sell the plants?). I don't want to be an old man by the time my portfolio comes back. I will probably buy back into that one later on some time. Wake me up some day when this is all over. It all seems like some kind of unpleasant dream right now. This "holy war" thing is not helping. And by the way, the media and many in that faith have that all wrong, the word is supposed to mean "struggle", not "holy war". Somebody tell those 5,000 Pakistanians who just crossed the border before it is too late. John