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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (8458)	1/13/2004 10:41:52 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

G, I agree for the most part. In 2002, we heard from nearly everyone to stay away from technology(they always lump it all together as if it were a monolith). Early in 2003, we heard from all of the experts telling investors to get into consumer cyclicals and energy stocks. Now, once we finally see light at the end of a long tunnel, they are screaming that they are all overvalued. Never mind the fact that S&P profits are at all time highs and yet the market is not. Or that IC revenues are projected to surpass the "bubble" highs THIS YEAR! I think people will only be interested once these companies are making money hand over fist from their cutting expenses over these past 3 years, and by then, most of the run will already be in place, and it will be too late. In contrast to those who say people are too Bullish, I have not come across a person at work or elsewhere who is getting aggressive and talking about it. People still are not talking about the market, and in my mind that is a good thing. There may be Bullish people on CNBC, but I have yet to meet a zealous Bull on Main Street.....people are still scared and mistrusting. And IMO, the mistrust of those on WS is certainly warranted. Brian