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Technology Stocks : Semi Equipment Analysis
SOXX 306.040.0%Dec 26 4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (17742)8/7/2004 10:11:58 AM
From: michael97123  Read Replies (2) of 95640
 
We agree Sarmad and now getting back to the market this end august/september coordinated attack on the oil longs, should revive the rest of the markets. Falling pump and heating oil prices becomes a tax cut for americans just at election time.
Also, I am carefully watching what AG does with rates on tuesday. As i mentioned yesterday former fed governor, Wayne Angel, said yesterday that the talking heads got it all wrong and that AG is not boxed in to a 1/4 point hike. He is free to raise or not raise. You can bet the bush admin is pressuring AG to either not raise the rates at all, and/or to say its the last increase of the year or until after the election if he does. Also Angell said, monetary growth so far this year is at a paltry 4% which is too low given low non-commodity based inflation, and weak job and wage numbers. I dont ever quite get how rates can be so low while at the same time monetary policy is deemed tight. I would be interested in an explanatin of that paradox.
Mike
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