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

To: John L. who wrote (24733)	9/30/1998 2:16:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 70976

John, You said, " ... the fed rate cut seems to have disappointed everybody. ..." I disagree. I believe Alan Greenspan got exactly what he wanted. First, he let the world markets know that the fed will ease its monetary policy going forward - score 1 for Alan in his Anti-Recession fight. Second, he "jawboned" the market into expecting a 50 basis point ease, then disappointed them sufficiently that the Dow is off nearly 3% today. Score 2 for Alan in his fight against asset price inflation. 2 weeks ago, nobody would have believed that the Fed could ease and send the market down. I believe Mr G. deserves significant credit for outsmarting the Street one more time. It's too easy for him though I suspect he's chuckling all the same. FWIW, Ian.

To: John L. who wrote (24733)	9/30/1998 2:19:00 PM
From: Paul V.	Respond to of 70976

John, >The bottom is probably here, now the question is how long will it last. I hope your scenario plays out and we start seeing some positive developments soon to justify an upward march. Many posts have stated the time to buy is when everybody is negative, I don't think there are any bulls left so we may be there. Good luck.< I did not buy on margin dollar for dollar (50%) and have the resources available to take me to $5.00 per share which I do not believe we will see. But who knows. As I am sure Brian will note-do not buy at the highs on margin. My total cost on the margin account for amat is $19.27. I just felt that the upside gain vrs the downside risk warrented the buy at these prices. But some individuals may say pass the aspirin. I will be posting the DW data as soon as I get it sorted on the spreadsheet. I shows that we have all leading indicators for the market reversing. But today watching CNBC no one would believe it. Just my $.02. Paul V.