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


To: Gottfried who wrote (65500)8/29/2002 11:49:20 PM
From: BWAC  Read Replies (1) | Respond to of 70976
 
Certain components of the DOW may fall. Certain components of the DOW may rise. I won't pay 30 and 40 PE for slow but steady consumer cyclicals. Nor will I pay such for slow but steady industrial conglomerate. There is no safety there once the economy turns. That is where the cash will flow from to fuel the investing in technology companies.