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

To: Gottfried who wrote (25643)	10/22/1998 11:40:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Gottfried, In hindsight, the AMAT R/S signaled this move along with Tom Dorsey's indication on Sunday which we posted the the NYSE had reversed. Then, yesterday, just by looking at the bpsemi sector posted in my previous post we can see the sector jumped tremendeously. We just did not see it jumping $$$ wise as much as it did. Bet we will see a 50 PE in the not to distant future as earnings drop off and the funds keep the price up. Just my opinions. Paul V.

To: Gottfried who wrote (25643)	10/23/1998 12:08:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 70976

Gottfried, This is from tonights wsj, out of an article about fed speeches TODAY: "Mr. Poole, considered one of the strongest anti-inflation hawks in the Fed's policy-making group, also suggested that a slowdown, not inflation, continues to remain the Fed's main worry. The recent market instability "and the circumstances surrounding it are so unusual in the context of U.S. history that policy makers must concentrate on dealing with this situation for the time being," he said." It is highly significant that Poole would say this today, after the huge run our market has had. Even I am surprised. Maybe that Nov cut is in the bag after all. If I was short anything, I would take any gains I could get and change tactics asap.