Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cary Salsberg who wrote (6553)	10/31/2002 10:10:02 AM
From: Return to Sender	of 95567

From Briefing.com: Chicago PMI weaker than expected. The decline in the index to 45.9% was below the consensus of 49.0% and even more disappointing relative to some pre-release rumors of a 54% number. The ISM number tomorrow carries more weight than a regional index, though clearly this weak reading increases the risk of disappointing numbers from Employment and ISM. Dow falls to -21. This may actually be good for the market today because it increases the chance that the FED will deliver a 50 basis point cut next week. Remains to be seen of course but honestly these are not the kinds of numbers that indicate an imminent economic recovery. If as you suggest the market is looking further out then these numbers may not matter at all. Anyway, I have little doubt that you will ultimately be right. There will be a bottom and an economic recovery to support much higher stock prices than we have currently. I'm just not sure the bottom has been seen yet. I'm also not sure that any "material change" (as Breifing.com suggested) has taken place to support a longer term bull market. RtS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next