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Technology Stocks : Semi Equipment Analysis

SOXX 306.04

0.0%

Dec 26 4:00 PM EST

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To: Kirk © who wrote (11170)	8/23/2003 4:17:13 PM
From: BWAC	Read Replies (3) of 95639

Seriously one question to all this bullishness that I'd like to have answered. WHO is going to buy all the finished end retail product manufactured by these fine technologies. Case in point: The Charlotte NC metro area has been a fine economic area to live for years. Currently 5 of the 6 surrounding counties have unemployment rates over 10%. The numbers have doubled since January of this year in many instances. Forecast for August is for each of these counties to see rises due to some large manufacturing closures and bankruptcies. One being Pillowtex. One county is talking 14%. Now this isn't in the boonies. And it only counts those still getting benefits that haven't given up. 3600 of these affected people begin lining up the prior night to interview the next morning for the new SuperWalmart offering 200 low paying jobs. 5400 people recently attended a job fair held at the Speedway. In 95 degree heat, held outside, on pavement. Total low paying jobs available from the 150 companies that were begged to participate by local government? 400. Counties to the coast in rural areas are almost all over 11%. Some as high as 14%. Counties to the west in the mountains? I think they quit counting at 14%. So who's gonna buy the end finished products when credit cards and unemployment benefits run dry? Momentum investing, charts, trend lines, and 17baggers aside. Whats going to happen when the chickens above come home to roost? Because the living wage type jobs are not coming back to this segment of the population anytime soon. And the drag it will create will hinder another huge segment of people in the next socio-economic class up the rung. So again I ask, who's going to buy the end finished products and how are they going to afford it. Or does the chart say that all just doesn't matter?

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