Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: Donald Wennerstrom who wrote (43601)	3/3/2009 9:02:32 PM
From: Woody_Nickels	Read Replies (1) of 95546

Don, It appears that the market is prepared to discount much(all?) of the productivity gains that tech advances made possible in the 1990s. This doesn't make any sense to me, but the businesses that benefited most from those productivity gains are precisely the ones in the most trouble today. These businesses turned a windfall productivity gain into massive greed/fraud to further enhance their agendas, but now they're paying for it. Many are, or should, pay the ultimate price... bankruptcy. Saw a sobering statistic this evening. One could spend $1M per day for 2000+ years, and still not spend what Obama has spent in the past 6 weeks.($800B) A million dollars went very far in the time of Jesus. Merely a comfortable retirement, now. Woody

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