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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: robert b furman who wrote (49121)	8/25/2010 12:16:09 PM
From: Kirk ©	Read Replies (1) of 95572

Another piece of the puzzle. I read yesterday that existing housing sales fell the most since July 1995. That was a great time to buy a house. I try to buy/move when homes are down to lock in a lower property tax base rate since it can only go up 2% a year MAX in CA. I bought my current home in a very nice area in Silicon Valley in late 1994 at between 25% and 32% off the peak price for a 4b/2b/0.25acre 40 yr old home from original owner, not remodeled or expanded. Real estate here bottomed sometime in 1995... now I learn that is when existing home sales fell the most... Semi stocks had a great 1995... while housing here was bottoming. Semi valuations have not been as good since... Housecleaning in congress gave us gridlock in 1996 and we had several years of double digit S&P gains. Difference this time is the tech stocks have a ton of cash and huge dividends compared to the zero they paid. IBM bottomed in 1993 ... I loaded (doubled) up at about $11... still have most of those IBM shares but original investment out to diversify... Now Intel, MSFT, LLTC, ALTR, etc..... have a great dividend and bundles of cash to either repurchase shares or other companies once they see the economy turn for sure... not phony, but needed, stimulus. Do we hear history rhyming? Kirk

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