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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST
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To: The Ox who wrote (42750)1/16/2009 12:07:27 PM
From: BWAC   of 95531
 
<<Having the govt backstop the banks should...eventually...help.>>

Not until the banks return the flow of money back into the economy. Think of the flow of money as a big circle with everyone from banks to manufacturers to customers at various points around the circle. The circle isn't being completed. It all ends at the banks. And whoever is behind the banks in the direction of rotation is shit out of luck.
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