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Technology Stocks : Semi Equipment Analysis
SOXX 330.38-4.4%4:00 PM EST

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To: Kirk © who wrote (14488)4/15/2004 11:02:30 AM
From: michael97123  Read Replies (1) of 95864
 
Kirk,
Good logic! I do remember. How many rate cuts did it take before the market did go up. I think the rule of thumb is two increases before the markets would begin to be affected. Market way to earlly on this and like in your example i think because rates are so low now a 2% fed rate which would amount to most probably 4 incremental increases beginning maybe in august/september should have little effect. Rate increases have to cause recession or slowdown for the market to be right. Unless i am missing something 2% is still accomodative. Mike
PS and the 1% rate was an exaggerated low rate in the first place. Rates under normal circumstances--no 9/11, no war--would never have gotten there in the first place.
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