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Technology Stocks : Semi Equipment Analysis
SOXX 302.84+2.0%4:00 PM EST

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To: Sam who wrote (49557)9/26/2010 2:12:38 PM
From: Return to Sender3 Recommendations   of 95512
 
>Man, those guys love to be bears!<

I think you will find that once the market hits past bear market lows on the P/E ratio for the S&P 500 that Amateur Investors will begin to make a sustained campaign as bulls.

Until then even when the market is rising as it has been they will continue to point out the bearish view.

There is money to be made on the long side or short if you don't hold positions too long. I have done some of that myself. The market has been rallying and based on past election year cyclical rallies we could have more rally ahead.



That said volume has been unimpressive and market breadth is not so broad anymore and stock picking is getting more important than ever. The SOX sure does not look anything like the DJIA chart more than 10 years after it hit it's last new high.



RtS
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