Semi Equipment-Sell when they're singing in the streets Message Board

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Technology Stocks : Semi Equipment-Sell when they're singing in the streets

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To: Ian@SI who wrote (119)	5/26/2000 3:01:00 PM
From: Alan Gallaspy	Read Replies (2) of 276

I further believe that the Fed may already be done raising rates. The talking heads on the media have behaved most ludicrously on this matter. It's utterly asinine to expect the Fed to publicly state that they believe they've overshot their goal when raising rates by 50 basis points. Not to mentions the ever present political considerations that Greenspan and the Fed must endure. The closer we are to November elections, the less the Fed will want to raise rates. Whenever there is a tightening, the is the invariable howling from our elected officials about how anti-this and anti-that such a move is to the common people, small businesses, corporate profits, our just about any other constituency you would care to name. One can only think the AG and friends would like to get the raising over and done with, I am kind of suprised they pussyfooted around with a bunch of 1/4 percent raises before bringing out the big stick. Short of a recession, its hard to see how our parade will be rained on for long. Maybe I just can't see the doom and gloom that surrounds announcements of Book/Bill declining by a tiny bit because of all the furor over tight supplies for processors and flash and subsequent delays and shortages in the devices in which these chips are used, DRAM prices staying firm, and the barrage of expansion plans being announced just to stay even with current demand. Sure I am disappointed that my brokerage account shows a much smaller number than it did in Feb/March, but how long can semi equip prices stay down in the face of continued strong demand for their products and the inevitable strong earnings that these companies will post?

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