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Technology Stocks : Semi Equipment Analysis

SOXX 352.69

+1.8%

Feb 2 4:00 PM EST

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To: Gottfried who wrote (14455)	4/13/2004 5:56:33 PM
From: Donald Wennerstrom	Read Replies (2) of 95837

<<Ridiculous - if the market really looks ahead then the fact that a 1% Fed rate is unsustainable should have been priced in long ago. Nothing is more certain. And, we're not talking great jumps in rates either.>> Gottfried - I think you are "right on", 100 percent. And I think the market deep down knows better, but it really got "spooked" today. As you pointed out, I can't believe that was the real reason for the selloff today. I can't point to any specific article right now, but I have read several in the last few days and weeks that point out small interest rates increases at the right time would be good for the market. IMO, todays action was completely overdone. I still think the market is going up from here over the next few weeks. Don

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