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

To: michael97123 who wrote (57626)	12/17/2001 11:20:27 AM
From: robert b furman	Respond to of 70976

Hi Mike, I'm not sure - I t hink it shows an underlying flow of money into equities - since it is by default the only game in town. Since passive income is dead and going lower with possible future rate cuts looming more probable than rates going up/ the feds bias. I think people are taking positions with the understanding that a turn is imminent out there in 02 - sometime. So people are taking positions with a longer time frame acceptance - once again because it is the only game in town. That being said,the current earnings are not going to be good.That creates a wonderful wall of worry for Wallstreet to climb. I think it is always scary but the down side is being supported by low rates,short covering and a turn out there in 02 - that keeps coming closer and closer. BWDIK I guess we watch the market too closely to understand every move.ggg Bob