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

To: Jacob Snyder who wrote (64179)	6/3/2002 9:04:59 PM
From: Jerome	Respond to of 70976

>>>The future's so bright ... <<< Yeah sure....and my neighborhood tavern has got a sign that says...."free beer tomorrow"... Somehow that sign reminds me of the stock market.... Jerome

To: Jacob Snyder who wrote (64179)	6/3/2002 9:55:26 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Jacob, Thanks for the bright view. Government spending is growing rapidly along with money supply and falling interest rates but prices dont rise so no AG intervention. Falling dollar has something to do with that perhaps along with no pricing power for corporations. All of this inevitably leads to recovery. FDR said "We have nothing to fear but fear itself." Think that applies to the market these days? We worry about terrorism,nuclear war in south asia, and enronicity. They are all bad but these things are not worse than it was on 12/7/41(depression included). The folks consumed with fear now dominate the markets and may for awhile longer. Sanity will return if fear doesnt indeed paralyse us into making this a self fulfilling prophecy. I am going to read Brokaws book about the greatest generation. Our stock market losses pale in comparision to what those folks suffered during a war in the midst of a depression. They didnt whine like we do. Enuff said. mike

To: Jacob Snyder who wrote (64179)	6/4/2002 12:21:05 PM
From: fred woodall	Read Replies (1) \| Respond to of 70976

Jacob the problems with the market are not economic they are endemic of the culture of the market. Fraud is widespread. Weakness in technology is discussed on conf. calls every day. A lack of visibility by companies or a general unwillingness to forecast beyond next quarter is another problem. Accounting irregularities that occurred in Japan in the early 90's are now happening here. Foreign investors are selling some US based assets which is quite normal for this time of year but if you add the decline of the US Dollar some 7% in the last 3 months on the surface it looks very bad and of course the bears are working that for all it's worth. Considering the trading cycles from a historical view 25 of the last 29 summers the market has sold off one might come to the conclusion history really does repeat itself.