Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 299.48

-4.8%

Dec 12 4:00 PM EST

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To: BWAC who wrote (41769)	11/20/2008 6:48:44 PM
From: The Ox	of 95574

OT: One curious thing that has caught my attention is that the 10yr Bond yield finally broke down this week, from 3.7% down to 3.15%. This is new territory and with it comes the potential for new mortgage refi's. For the past 3 months, there has been a concerted effort to keep the yield from falling down to this new level, as that will open up the refi business again. For all the talk coming from both Wall St. and the Govt, this is an area where there can be an immediately positive impact on the hardest hit area in our economy, the housing industry. This can also be an opportunity to move people out of ARMs, Interest only or other high priced mortgages. Default rates should come down and that should help reduce the foreclosure numbers. Very positive, imo. Another tiny silver lining in a sky full of storm clouds. Crude below $50 is also very, very positive for the long run, imo. jmo TO

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