Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 160.11

-3.8%

10:10 AM EST

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To: Kirk © who wrote (10520)	7/23/2002 11:56:04 AM
From: chomolungma	Read Replies (1) of 10921

Conspiracy theories and their proponents gain maximum popularity when times are at their worst. Very true. They will have their moment in the sun and then be discarded on the trash heap of history. I'm old enough to have lived through several of these cycles of negativity. They pass. Smart investors use these cycles to steal the stocks from the weak hands and reap the rewards in the up cycles. Recently I was looking at a long term chart of the S & P 500. Every recession has been accompanied by declines in stocks. Some of them had "V" bottoms and some of them wider troughs, but one thing they all had was sharply higher stock prices one or two years after the recession ended. The decline in 1973 and 74 produced a near 50% decline in the S & P 500 (from about 120 to about 60) Two years from the bottom it was 100. If you were negative when the index was 70, you may have felt good for a while, but if you missed the sharp recovery, you lost a far greater opportunity. The problem with the negative types among is that they don't know when to quit. Things don't keep getting worse and worse. History has shown constant improvement, especially the last 50 years. The next 10, 20 and 50 years will be more of the same.

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