Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 288.52

-0.3%

Nov 14 4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (12432)	11/9/2003 4:50:04 PM
From: michael97123	Read Replies (1) of 95420

Sarmad, Nasdaq is up 80 from the lows%. The good news is met with some selling as we get close to the 2000 milestone. Folks may be exhuberant but not irrationally so. So maybe we pause for a couple of weeks and then maybe a month from now we are in the 2000s. And another pause. All healthy. Some analyst one said start lightening up at the second fed increase. I suspect the second rate increase will have us up to 2% sometime in spring of next year. I will lighten up but suspect that at 2% rates will still be low enough to sustain the markets a bit longer. Mike

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