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

To: akidron who wrote (10501)	11/7/1997 9:16:00 AM
From: Chi-X	Read Replies (2) \| Respond to of 70976

AMAT indicated around $34... not so hot but the pre-trading volume is low. Low volume pre-market means not much panic. Cheers, Chi-X hath Spoken! "There shall be no wine, before its time."

To: akidron who wrote (10501)	11/7/1997 9:16:00 AM
From: akidron	Respond to of 70976

intc trading 72.5 in pre market trading

To: akidron who wrote (10501)	11/7/1997 6:03:00 PM
From: David Aegis	Read Replies (1) \| Respond to of 70976

<<unemployment at 4.7% means more wage inflation fears...>> and more people employed and now able to buy more electronics. This whole "strong economy=inflation pressures=higher interest rates=shift from stocks to bonds or decline in fair value of stocks due to higher discount rate used in dividend discount model" argument strikes me as being very half-baked. I'm not going to shift assets from stocks to bonds unless real (inflation-adjusted) rates rise to at least 8-9%, and I'm not so sure that under a strong economic growth scenario that earnings or dividend growth doesn't dominate any rise in the discount rate implied by a Fed tightening. So unless Greenspan slams on the brakes and sends the economy into an uncontrollable skid, I think Wall Street and the sensation-seeking financial press have concocted a recipe of Bear Baloney. They even have the audacity to cook up a "deflationary" Bear Scare at the same time they are trying to serve us an "inflationary" scare. But electronics prices have been in a deflationary mode since the early '70's without any sort of melt down in demand. At least the SE Asia Bear Scare has a scrap of meat to it. --David