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

To: Tito L. Nisperos Jr. who wrote (18837)	4/15/1998 7:22:00 PM
From: Joe Sabatini	Respond to of 70976

>>what is the Market telling us?... In my opinion, the market isn't telling us anything about the future performance of these companies. The market is telling us that there is too much liquidity. Everbody and their dog is stashing money away in mutual funds. Foreign investors are also piling in on the assumption that our market is a 'safe haven'. A company like Microsoft is no better now than it was a year ago. Actually, you could say it's worse because their forward growth rates will be nowhere near those of the past. But nobody cares about that. Everyone likes a winner, and PE's just don't matter anymore. Oh, and low interest rates might have something to do with it. If we still had 7+% on the long bond, we'd be lucky to be above 7500 right now. Joe S.

To: Tito L. Nisperos Jr. who wrote (18837)	4/30/1998 11:34:00 AM
From: Tito L. Nisperos Jr.	Respond to of 70976

Paul V, The first flight of stairs for the DOW 30 came to an end; the higher tier of the Market is now at a Resting or Landing Phase---awaiting for the others to follow...INTC, with about 2 weeks to pre-announce how business is going to be is to be the next to display its thing with its Parabolic Ramp (where the INTC Kid plays the Skateboard)... Later (I know it's coming but know not when), the AMAT Yoyo Kid will give us the spectacular Yoyo stunts as he steps on the ascending stairs...