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

To: Math Junkie who wrote (25090)	10/8/1998 3:02:00 PM
From: Gottfried	Respond to of 70976

Richard, I think this market is beyond reason now. I wish Eugene the best on all the stocks he's buying. For me it has been somewhat of a personal victory just to hold the stocks I believe in. I probably should invest my cash, but I'm not sure (unlike some on other threads) which way we go from here. And my dogs are very possessive about their food. GM funny how now the NASDAQ is down "only" 60. Not so long ago down 30 was major news.

To: Math Junkie who wrote (25090)	10/8/1998 4:09:00 PM
From: Proud_Infidel	Respond to of 70976

Richard, Re:The thing I can't figure out is, back when the dollar was going up, everybody thought it was bad news, due to deleterious effects on Asian economies, fears of China devaluing, fears of competitive devaluations, inability of foreign companies to repay their dollar-denominated debts, semiconductor equipment becoming even more expensive expressed in foreign currencies, etc. Now that the dollar is going back down, this is somehow bad news, too. Huh??? I was thinking the exact thing only yesterday. I'd be laughing if I wasn't crying. BK

To: Math Junkie who wrote (25090)	10/8/1998 4:36:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 70976

Richard, I have had those same thoughts about the dollar. I know the bears are still waiting, but one just has to step in now regardless of sentiment, the dollar, the economy, interest rates, Clinton, blah, blah, blah. How many times in the last 20 years have you had a chance to buy after a 36% drop in the market? A handful. The s&p is finally at about 19x what this years e will be. I have a minimum 2-3 year time frame on everything, and will go through pain if Aki is right. I will have to sell into some drops, but I am in all out aggressive mode as of today. Disclaimer: I have been beaten like a rug, every day until today, for 10 days. Clearly, I haven't a clue, nor the sense to step out of the way.