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

To: Taby who wrote (18168)	3/25/1998 9:17:00 PM
From: Steve Tauscher	Respond to of 70976

Taby, If AMAT had moved as predictably as you had rationalized it would have hit 38 by March expiration. I guess none of us can say for sure what will happen. BTW anyone notice that the dividend yield on S&P 500 isn't too far away from the interest yield on a checking account and the yield on 6 month CD's are higher than the earnings yield on S&P 500? In an insane market the sane person appears insane. I think the Kid has a rational viewpoint and will do just fine. I admire his guts. Hope you and the Kid and the rest of us get filthy rich on our longs but right now I think it's best to be all cash and waiting for less uncertainty and better values. Regards and good hunting to all, Steve T