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Technology Stocks : Semi Equipment Analysis

SOXX 306.28

-1.0%

Dec 4 4:00 PM EST

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To: Proud_Infidel who wrote (7196)	11/27/2002 9:51:12 AM
From: zonder	Read Replies (2) of 95525

Re: >> When a bomb goes off or a plane crashes somewhere in the world, I do not profit, nor should I. That has nothing to do with investing in financial markets. If you are going to linger in the financial markets, you need to let go of that sentimentality re investments. When people sold after 9/11, it was not on the tragedy itself but probable economic repercussions and wartime uncertainties that stocks became less attractive than before. That's it. >>Anyone who has made money on the short side over the past year has probably at least in part made it because a tragedy has befallen someone somewhere Not really. Since 9/11, tragedies for the most part have been in Isr/Pal conflict and Afghanistan. I do not see a clear-cut relationship between suicide bombings and Nasdaq, less so between bombing of 100 or so civilians and children in a wedding by a US plane in Kabul. If anything, these tragedies benefitted the people who were long in defense stocks. In my humble opinion, the reason why the US markets have been going down over the course of 2002 are: 1) Slumping economy 2) US declaring war on various parts of the world (increased uncertainty) 3) Increased government defense spending (never too good, especially in the middle of a recession) 4) Enron, Worldcom et al (increased uncertainty over accounts) etc etc... I really do not see how you can overlook the above and say people who made money shorting the market in 2002 made money out of other people's tragedies. It is not my place to give you advice, but I sincerely suggest you take a less sentimental and more inquisitive approach to the stock market.

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