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Technology Stocks : Semi Equipment Analysis
SOXX 306.28-1.0%4:00 PM EST
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To: Mr. Sunshine who wrote (6010)10/9/2002 4:19:31 PM
From: michael97123  Read Replies (1) of 95525
 
"As bad as things are now, it is better than when we had 10-15% inflation in the 70's. People forget so easy."

Right again but 5% inflation for a year is better than what we have now so its all in the mix, no? OK 4% then.

"There is a large transfer of wealth taking place as the WWII & depresson generation passes on. A lot of that money will be put into the market. A lot of people who have been out of the market for years are getting back in because they are starting to see value for the first time in quite a while. "

From your mouth to Gods ears. I dont see that at all. But i can see that some of those folks might be looking for an entry point. S&P spyders hit 9/11 lows. My former partner and now stock trader, he thinks we get a rally after it goes below for a day or two. But he sees lousy economy out there as do i. Stores still empty. Iraq scares folks. Rockville scares folks. Terror scares folks. Stock market scares folks. Unemployment which will hit one more time scares people.. mike
PS Lets see if anyone can interpet this. My firm needs to lay off people but they wont do it this year. They will keep them on because theyd rather pay em that severence them which will show end year as a lump sum. So plan is for layoffs in january. Now in january situation could change where layoffs would not be necessary. And if theres not a surge in unemploymetn year end xmas could be better. Could this happen with other companies too or is that purely and accounting issue as to what year end is?
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