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


To: Diamond Jim who wrote (20081)6/10/1998 4:04:00 PM
From: akidron  Read Replies (1) | Respond to of 70976
 
it's called the rock and the hard place ---- Greenspan goes the Washington to tell the world there's no reason to raise rates because Asia, Russia are in a mess and profits are slowing along with growth... but that can't be... this market is built on growth... it has mega-growth multiples built into it... and AMAT... is on the cutting edge of no-growth... multiples have to shrink, earnings are shrinking... that's what's known as a double whammy...