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

To: Gary Burton who wrote (23606)	8/30/1998 6:56:00 PM
From: Teri Skogerboe	Read Replies (2) \| Respond to of 70976

Gary, OT/OT She (AJC) and Joe Battapaglia sound so hollow to me in recent months. Like they don't even believe what they're saying anymore. Joe B. says with a straight face on CNBC that we should 'buy, buy, buy' when the S&P has a PE of 30. I'm not talking about today, but a few weeks ago. I really have a hard time believing that he even buys his own 'argument'. That said, I feel that some stocks are amazingly cheap now, but many others are still bloated. Kinda strange, I guess. IMO, we desperately need Asia to get its act together as soon as possible. Wonder what the chances are of that happening? Teri