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Technology Stocks : Semi Equipment Analysis
SOXX 301.15-1.2%Dec 31 4:00 PM EST
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To: Donald Wennerstrom who wrote (17558)8/3/2004 12:29:10 AM
From: Return to Sender  Read Replies (2) of 95657
 
Don, how sure are you that "they" cannot ultimately push stocks lower? Even on a fundamental basis a very good case can be made for technology stocks still being overvalued compared to any other period in history other than the bubble years.

When earnings and stock prices are disconnected there is always a reason. Even when the market appears unreasonable it is always right.

Short term rally up to around 450 on the SOX is all we should reasonably expect unless we get a lot of institutional buyers willing to hold stocks.

RtS
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