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Technology Stocks : Semi Equipment Analysis

SOXX 298.01

-0.5%

Dec 15 4:00 PM EST

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To: Gottfried who wrote (40779)	10/10/2008 2:37:09 PM
From: The Ox	Read Replies (3) of 95580

We shouldn't under estimate the psychological effect that this week is going to have on the average person and Main street. Most businesses aren't directly effected but there are plenty of indirect effects that won't show up immediately. If you are selling groceries, you are still going to have customers. Their buying patterns may change but everyone still needs to buy groceries. Scaring Mom and Pop out of stocks may have a long term effect on the markets and 401ks/retirements. This will only change if we get a decent rebound at some stage in the next few months. If the markets go down farther and stay down, once again the short/intermediate damage to the markets (and eventually to Main st.) should not be under estimated. Watch the run for the hills this afternoon! It should be a cavalry charge bordering on a stampede, imo!

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