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

To: michael97123 who wrote (60971)	2/26/2002 11:58:10 AM
From: Return to Sender	Read Replies (1) \| Respond to of 70976

Mike I agree. People often say one thing then do another. The consumer has been actively supporting the economy throughout this Bear Market. I'm still predicting a strong week for AMAT and the NASDAQ as well but largely due to the overwhelming pessimism and a simple bounce higher in the range. How much long-term position buying are we seeing? Not enough to keep a sustainable rise going without a lot of good news in my opinion. NASDAQ 1800 and SOX 570 later this week. Rally towards the end of the session today. Out on a limb. RtS

To: michael97123 who wrote (60971)	2/26/2002 12:26:25 PM
From: runes	Read Replies (1) \| Respond to of 70976

I think that bogus is too strong of a word. Better to say that they are noisy and need to be viewed with caution. Case in point - the reports today are talking about a "drop" in the consumer sentiment. But what really happened was that it spiked in January as we got the first evidence that the economy was starting to recover. Now it is clear that the recovery will be slow and consumer enthusiasm has returned to ho-hum. But certainly not the abject despair that the "drop" from January might imply. >Addendum - the sentiment is actually looking good when you consider that February had a healthy dose of Enronitis in it> Which is probably why the market is holding up relatively well considering the bad news.