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

To: Gottfried who wrote (26651)	11/23/1998 11:37:00 PM
From: MrGreenJeans	Read Replies (4) \| Respond to of 70976

Gottfried Ramsey's concerns are valid concerns They are not valid. This is the greatest bull market in our lifetimes and the advice he is giving is bankrupt! Southeast Asia for example represents 6% of the world's economy by one measure...Russia has a $25 billion dollar economy small by some standards...and so on...get a grip on the facts. Ramsey can believe whatever he wants. I suspect if he is waiting for a 4500 Dow he may not invest another penny in his lifetime. The facts are our opinions may be right or wrong at times but the market is always right. The market is riding a wave based on three federal reserve rate cuts in 7 weeks. Higher valuations are justified. Semiconductor equipment makers are moving higher, not necessarily due to a definitive turn in the semiconductor market (debatable), but in anticipation of a better semiconductor market in the latter half of 1999. The market is discounting these prospects now. It is also interesting to note that based on history every time the federal reserve has cut rates the semiconductor industry has generally moved higher one year later. The bears on this thread, of which there are a few hardcore, can tell each other how bad the economics of the world and the semiconductor industry are all day...In the meantime there are others of us who are counting our profits day in and day out.

To: Gottfried who wrote (26651)	11/23/1998 11:40:00 PM
From: manohar kanuri	Respond to of 70976

Gottfried, Points well taken. I should say I was concurring with Brian more than I was taking potshots at Ramsey per se who I don't know and haven't followed. Mine is a much more general position in the bulls/bears jungle. If everyone had your optimistic attitude, the stock would have been bid to $100 now - and then were would we be? Pretty much where we are today? Trying to decide buy/sell/hold, why, and where to next? The questions remain the same - the answers sometimes change, I guess. There are perspectives available on SI that are not readily available in the general media. You further my understanding. And that's something I always appreciate. Hope that makes some sense... mano