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

To: paul_philp who wrote (64949)	7/20/2002 11:08:21 AM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 70976

Expect Surprises Long after August 14 Re: One consequense of 8/15 is that we may see some companies cleaning up their books during this earnings season. What deadline? Companies won't be able to give their books a thorough scrubbing until next spring businessweek.com

To: paul_philp who wrote (64949)	7/23/2002 4:31:41 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

I was obviously wrong, very wrong, in thinking the 9/01 low was THE low. It remains to be seen how wrong I was. My current plan is to simply hang on, and sell into the next big rally, getting off margin with the Nas in the 1700-1900 area. IMO, unemployment isn't going much higher than it is now. And the housing sector and consumer spending would have collapsed by now, if they were going to. They haven't, and so I think the fundamentals for companies get slowly better from here. No depression, no double-dip recession, is my guess. We are past the trough, several quarters past it, for company fundamentals. This panic selling of stocks is ignoring that, and is being driven by the collapsing confidence in corporate management, the feeling that the game is rigged and investors can't trust any numbers. IMO, the fact that everyone is finally focussing on this issue, means the problem is being dealt with. It's a bullish signal. Meanwhile, AMAT has no support above its 10/01 low.