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

To: 16yearcycle who wrote (26001)	11/5/1998 1:09:00 PM
From: Gary Burton	Respond to of 70976

My reading of the tea leaves from Greenspan's speech is that the Fed is NOT going to ease furthur on Nov 17-----AG referred to "--that drove asset prices to 'unstantainable levels' (and we're almost back to the top already)----and "the crisis seemED to reflect (note past tense)---and --"it is certainly plausable that ( the reluctance to lend to subprime borrowers) will dissapate, indeed we are already seeing signs--". Bottom line, I think he'll stand pat and wait--which may induce a much needed correction in stocks short term back towards 8000 area. My 2c

To: 16yearcycle who wrote (26001)	11/5/1998 2:15:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 70976

I'll give him, Ramsey, credit for starting this stuff after a record breaking run over 4 weeks. Eugene, I am not sure what you are implying here. All I am saying is that people like AJC, Joe B, Fleckenstien(sp) are like broken records, repeating the same thing over and over again. Unlike others, I don't remember ever posting my trades here, nor a lot of posters who might have bearish tones. I suspect there are many bears who are actually more fully invested than the bulls, and vice versa. Given the market conditions, global economic growth and how it many impact the US, I don't think irrational exuberance is an over statement. If you believe the bubble has elasticity that can sustain all pressure, then you have nothing to worry about and just keep buying buying buying, especially a stock like AMAT which would most likely report a huge loss (might be hidden in one time charges) in less than 2 weeks. Ramsey