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

To: Justa Werkenstiff who wrote (24674)	9/27/1998 10:57:00 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 70976

Justa: re: Help!: Here's the bullish argument: 1. Baby boomers worried about retirement will continue to pump money into the stock market, regardless of the fundamentals. They will continue to buy on the dips, and will not shift money into cash or bonds. 2. emerging markets, especially the asian tigers, will grow rapidly. 3. U.S. multinationals that invest heavily in those emerging markets will grow rapidly. Banks that lend money to companies in those emerging markets will make money. The sober, smart bankers and businessmen who send money to places like Malaysia and Russia know what they're doing. 4. East Asia will recover from its problems as rapidly as Mexico did, because there are no systemic or fundamental problems. 5. The IMF will quickly fix any problems in any over-leveraged economy, no matter how big. All that's needed is some liquidity to get them through their short-term crisis. 6. Russians will learn the rule of law, Japanese will learn how to quickly and publicly admit mistakes, East Asian dictators will meekly submit to international market discipline, and Latin Americans will start financing growth by internal savings. 7. There will be no protectionist backlash in the U.S., even if the trade deficit doubles from today's high levels. 8. The Internet and JIT will end the business cycle, by letting everyone know and act on everything emmediately, so there will never again be over- or under-supply of anything. 9. Therefore, earnings will only go up, and 10. inflation will never go up. 11. Santa Claus is coming to town. Is that enough bull for you?

To: Justa Werkenstiff who wrote (24674)	9/27/1998 11:34:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 70976

Justa, G has to be in his "shouting" buy territory, although probably not screaming buy territory, even if ko isn't there yet. G got very close to a pe of 20 on trailing e. I have no direct investment in g, except for a purchase of the mach 3 shaving system. What a shave! This doesn't qualify as hyping does it?

To: Justa Werkenstiff who wrote (24674)	9/28/1998 12:13:00 AM
From: Clarksterh	Read Replies (1) \| Respond to of 70976

Nice comment on KO. Rumor has it that Warren is all over KO if it trades in the 20 p/e range. Wow! Only has to fall another 50% to get to a forward P/E of 20. Of course I'd be grinning all the way to the bank, but it doesn't bode well for the market if Buffett is preparing to buy at that level. Clark

To: Justa Werkenstiff who wrote (24674)	9/28/1998 12:03:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Justa, Actually, I was hoping the Bearish sentiment would last a little longer. I was able to pick up LRCX at less than .4X sales and was hoping to acumulate others in the coming weeks. Today we are seeing a big % point move in the sector, partly due to the + writeup in Barrons about BRKS this past weekend. If one isn't on the train by late this year, you will be left standing at the station wondering what happened. I am buying seats as we speak<GGG> Also worthy of note is the fact that GS postponed their IPO indefinitely. They seem to feel that the market is not fairly valued. BK