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

To: michael97123 who wrote (64541)	6/24/2002 11:41:10 AM
From: robert b furman	Respond to of 70976

Hi Mike, We are being pummeled to an unfair degree of negative news. As earnings come out -the economy will be confirmed to be growing 0 albeit slowly. This is an ideal environment for equities - slow growth - low rates for a long time and no inflation. Think about it this is exactly what Greenspan wanted in the Exuberant days. We are just before the turn and a scary test to support levels is what we need to see in our rier view mirror to know that the support is there in a better future. All of these down times have provided excellent values.The doomsayers are just cocky bears who have been right a long time.Their humility would best be served by realizing it has been a good run for them.The smart ones are folding the tent and counting the money - the others will get butchered. I have a great potfolio of debt free high margin cyclical companies that are just emerging from a down cycle. I have staying power and am trying to preserve a little purchasing power so that when I take a stab at a bottom I can play it up and have some fun. In three weeks we'll have a summer rally fualed by huge short interest and be smiling in the sun. I hope - gulp. In between one more fast dip to violate 1387?? Maybe Maybe NOT?? Bob