We do have preconditions in place for that turnaround in sentiment.

The market is getting toward the October lows, ... but there's still a sense of complacency. As far as sentiment is concerned, we're in a lukewarm area, not red hot.

The market probably hit a trading bottom last week, and sentiment is negative enough to suggest we'll see a rally,

We have been and we remain in a very powerful bull market, ... in near term basis, the market has come long way in short period of time? and odds favor a bit of a time-out in the next week.

Applied Material's multiple is bound to -- down to something like 15 times forward-looking earnings. The multiple less in the overall market and it's a great company with dynamic growth prospects.

The economy is growing at a reduced but healthier pace. We don't anticipate any inflation problems, and corporate earnings are going up, up and away. So, yes, we're still bullish.