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Technology Stocks : Semi Equipment Analysis
SOXX 309.36+2.2%Dec 3 4:00 PM EST

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To: Donald Wennerstrom who wrote (10121)6/14/2003 9:50:42 AM
From: michael97123  Read Replies (2) of 95520
 
Don,
Less than 1% money, 30y mortgages under 5%, fed buying treasuries by printing dollars, lower dollar(exports + europeans still wrongly fighting future inflation to some extent), tax cut(wait to see the july paycheck increases and the $400 rebates/kid for young families with kids), lower gas prices and add them all together and stocks will be priced at a premium and the tepid recovery will be tolerated for another quarter with the knowledge(belief) that eventually we pull out of stag-deflation. So you may be wrong and may be fighting the fed and the tape at the same time. Mike

PS not to say we wont have consolidation and pullbacks along the way. A trip back to 1500 on nasdaq would be ok too.
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