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

To: Jacob Snyder who wrote (19817)	6/2/1998 12:10:00 AM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

Jacob, Patience is indeed a virtue that will be rewarded. Right now is the time to have cash handy to scoop up the coming bargains. Blood is starting to flow in the streets. As investors start to see the red they will cause some severe market gyrations in both directions. IMO the Bull market is ready to drop to its knees. It has raged supreme for so long and is in need of some over due rest, and will trend downward from here. I suspect that many investors will now take profits out of the markets in large amounts to go into cash rich positions to await bargains again. May see the DOW drop to low 8000's and NAZ drop to low 1500's. Corporate earnings are coming under pressure and growth will slow from here, IMO. We are entering a Bear market phase, the Bear will now reign for a while. This should get some stimulating responses about inflation under control, interest rates, yada,yada,yada. Just my opinion, BB