Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

4:00 PM EST

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To: Donald Wennerstrom who wrote (11799)	9/25/2003 7:53:33 AM
From: Sarmad Y. Hermiz	Read Replies (2) of 95526

Don, That chart cannot be correct. cross-currents.net I saw that in Barrons (Alan Ableson's column). It looked wrong then too. I don't see how margin debt can go from long term average of approx $7B to the highest point ever ($26 B) in a single leap. I also don't think it can be now higher than it was in year 2000 when stock prices were much higher and day-traders were running amok. So I will not base any decisions on that graph. My conclusion is that most people have learned the danger of over-use of margin, and those who didn't have had their accounts closed by now. Anyway, it will be the labor report that will determine the direction today. Sarmad

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