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

To: Big Bucks who wrote (25411)	10/16/1998 10:13:00 PM
From: MrGreenJeans	Read Replies (2) \| Respond to of 70976

BB <<I just don't see any sustainable upside going deeper into Q4-'98. Am I wrong, maybe, but I don't think so.>> Low inflation + Low interest rates + Slow Growth + A Decrease in Rates + Decent profit growth in 1999 = A sustainable upside <<I've gota pretty good track record concerning the economy and the semi-equipsector.>> No argument here. <<Time will tell, then you can say "I told you so!" No one is infallible not even Allan G and the Fed.>> By the time "time will tell" you and I would have been in or out of the money depending on the decisions we make now. Don't worry I will never say I told you so...there are many ways to make money in this market both on the short and long sides. My main point here is that Greenspan calls the shots in the financial markets and to date he has done the best job of any Fed chairman. A cut in rates is a major policy signal telling the world that the US is easing its monetary stance...and it is that excess money that finds its way into the financial markets and pushes asset prices higher. To argue a case for deflation is difficult for me to accept under these circumstances. To short stocks in here is suicidal as someone else has pointed out and to hold on to old arguments that we are in a bear market is, imo, bankrupt advice. Circumstances have changed and to make money one's views must change with it...