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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%4:00 PM EST

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To: michael97123 who wrote (15793)6/17/2004 5:43:46 PM
From: The Ox  Read Replies (4) of 95526
 
The reality is volume has been drying up. This is a reflection of the extremely negative sentiment held by almost everyone involved in the market. With the exception of the "gurus" and hot sheet tipsters, I think few people have any interest in the markets (on a daily basis).

Almost everyone I talk to in my personal life about stocks or mutual funds has nothing to say. Little or nothing! At the most, those who watch the market the closest are playing with puts and calls on their positions in an attempt to generate a little cash. No one has been putting to use new money. Few of them are even looking at the market very frequently.

So you can blame oil or Iraq or politics or terrorists or whatever. Very few people are even interested in what's happening on Wall Street anymore.

If that's not negative sentiment, I don't know what is?

Very few of the message boards that I frequent are very active. The most active market boards these days seem to be those of the permabears. Certainly here at SI, the action seems to have completely shifted from stocks and the market to politics and other interests. Very few individual stock threads are active.

I think we are fast approaching the point (or past the point) where the average person doesn't care one bit about what's happening on Wall Street- with the exception of the Martha Stewarts or Enrons or Grassos of the world. They check their quarterly 401K statements or investment house statements the day they come in and that's it.

We few on this thread are the exception to the above rule.
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