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

To: Paul V. who wrote (18808)	4/15/1998 12:22:00 AM
From: The Saint	Read Replies (1) \| Respond to of 70976

CYMI the clearest BUY in high tech laser equipment check it out and buy now, before 1.q release on April 23. This is a MUST for all Amat shareholders The Saint

To: Paul V. who wrote (18808)	4/15/1998 12:23:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 70976

Paul, I realize, that your question was not directed at me, but I've been asking myself the same question, since the end of feb. Everything I was taught, in school, is out the window. Your question of how much longer can Wall Street throw everyone's retirement money at the stock market, appears to only end, when everyone's money is in it, and that might last for??? Gosh, lets bring in the worlds leading economists to answer that question, for I, don't have a clue! Now for the Amat followers, that are asking themselves 'what is this idiot talking about, because the Street has not been throwing its money at Amat lately'. Yes, the street has chosen to stay away from Amat because of predicted revenue and profit shortfalls, but continues to throw its money at Internet cos that no way can ever make a decent profit (maybe, not Aol), even if they do EVERYTHING right!

To: Paul V. who wrote (18808)	4/15/1998 1:51:00 PM
From: Norm Tock	Read Replies (2) \| Respond to of 70976

Paul, Could not resist this market either. Got back in this a.m. @36.25 -- Phew -- This market is hard on this old mans heart! I feel like we operating on momentum only right now. Please don't let a negative word on AMAT come out (gr).

To: Paul V. who wrote (18808)	4/20/1998 11:02:00 AM
From: Teri Skogerboe	Read Replies (3) \| Respond to of 70976

Paul, *Off-topic* Re: the market continuing its upward move. The only reason I can dream up for the market to continue its manic course is based on the theory described in the book "The Great Boom Ahead". I dislike (alot) books with titles like that one, as much as I dislike titles like "the great depression ahead", because they seem too extreme. I haven't had much luck trudging through this book. It's pretty awful reading, IMHO. And I distrust the theory big-time. The reason I tend to distrust this theory is that it seems to be the perfect excuse for buying into the argument of "it's different this time" with PEs and Price/Book, Price/Sales valuations being so much higher than is normal. I have this natural problem with believing that it's different this time. It NEVER has been different. And in the midst of times that folks were trying to justify high valuations, they, in hindsight, should have been selling stocks instead of buying excuses. I don't know the answer, but I just want to look hard for evidence of which to believe. The boomer argument may be right, and if it is, I guess PEs and all the valuations will go sky-high(er). It's true that AMAT and the semi-equip group are not as pricey as the overall market using certain valuation measures, but they are much higher than where they've troughed in prior downturns. I continue to believe that no one knows how long this downturn will persist. Remember when I was thinking of selling all my tech stocks and buying PFE. Shoulda... Next time I have a great idea, I hope to recognize it -g-. My 2 cents, Regards, Teri