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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

-0.6%

4:00 PM EST

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To: willcousa who wrote (31830)	8/1/2006 1:47:51 PM
From: Lizzie Tudor	Read Replies (2) of 95580

OT OK but lets not confuse the jobs crisis with the dot com bubble. We haven't created so few jobs in over 20 years. We had a bull market in the 80s too, anybody remember? This stock market and this employment market are 70s caliber. Again, an underlying current for the bull market in the 80s and 90s was employee participation in stocks. I would argue that even STOCK OPTIONS were a net gain for stocks, because many people in tech bought and held them. There are some serious structural problems in the economy too that dwarf almost everything else. For example this am I was listening to the radio where they discussed a Macular Degeneration drug (the disease that destroys the eyesight of the elderly) which is funcitonally equivalent to a cancer drug for pancreatic cancer. The difference is the eye drug costs $2K per DOSE. When Genentech was interviewed about it, the spokesperson said something like "insurance will pay... " etc. Well, insurance might pay but we as US citizens cannot afford this drain on our economy anymore. We need some politicians that can deal with this- NOW.

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