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

To: 16yearcycle who wrote (24371)	9/17/1998 11:33:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 70976

I meant that the market has more reason to go DOWN than UP. Told you I just woke up. Anyway, now amat is acting strong. Very uncooperative. INTC seems to be courting disaster with these moves against msft. It is interesting though that msft will be able to use much of this to bolster its case. I am not sure that csco is overvalued. They will earn about 1.90 post split this next year, forward pe of about 35. I want to be a buyer at 58 or less, even if I am worried about the market.

To: 16yearcycle who wrote (24371)	9/17/1998 12:17:00 PM
From: Robert O	Respond to of 70976

An older money manager (who I have obviously forgotten) once quipped he knew a lot of people who timed the market correctly ONCE. RO GM: I totally AGREE with your point that many people confuse the DOW for the market. 30 Blue Chips do not a market make...it's just their massive mrkt. cap tends to overpower measures that weight by cap. I'm guilty of other generalizations like nasdaq is really just "techs." Hear that a lot, but I think it's another cap issue with monsters like INTC and MSFT eclipsing the shine of a slew of smaller companies that really don't appear very techy at all.