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

To: Jacob Snyder who wrote (63848)5/16/2002 7:41:16 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 70976
 
>> and there is no conceivable good news that could push us higher, short-term.

Disagree. One thing weighing the market down is the erroneous interpretation of the un-employment claims number. The number of claims is increasing because they are counting applications for extended coverage as NEW CLAIMS. That is distorting the series. The effect of this extension should fizzle out gradually, and it will suddenly look like new unemployment claims dropped dramatically. When in fact they might be declining already. But the effect is obscured by the law that was passed a month ago, and is retro-active to year 2000.



To: Jacob Snyder who wrote (63848)5/16/2002 8:23:27 PM
From: pompsander  Respond to of 70976
 
Have to get through options expiration tomorrow. All kinds of nonsense will get cleaned out of AMAT and plenty of other quality stocks. Next week investors rather than just traders will return to the marketplace and a better read on trend can be made.


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