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

To: Sam Citron who wrote (10113)	6/4/2004 11:27:17 AM
From: Cary Salsberg	Read Replies (1) \| Respond to of 25522

Sam, I said, "doesn't get any worse" and I don't think things are good, now. I am concerned that an escalation by terrorists has the potential to derail the economic recovery and slam the markets. I say "politics" because I believe the US is not applying our resources efficiently in pursuing terrorists, eliminating sources of WMDs in the world, and building our homeland defenses.

To: Sam Citron who wrote (10113)	6/4/2004 12:37:10 PM
From: Rock	Read Replies (1) \| Respond to of 25522

Sam, I'll add OIL to Cary's response on geo-politics. The current center of geo-political instability and the center of the oil trade are one and the same. Plus, with oil and North American natural gas at historically high levels, there is an attractive tipping point here that is right in the terrorist wheelhouse. A sustained oil shock from terrorism or just general neglect of the issue would shutdown this economy in a hurry and take pretty much the whole market with it. FWIW, I'm not being alarmist or forecasting a shock but you have to see it as a plausible, if remote, scenario at this point. I think a simple but deceptively strong economic drag is more likely than a shock.