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Technology Stocks : Semi Equipment Analysis

SOXX 301.15

-1.2%

4:00 PM EST

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To: marc ultra who wrote (48249)	6/16/2010 12:51:44 AM
From: cluka	2 Recommendations Read Replies (4) of 95656

Marc, New Normal. Do you understand that cars are selling at 10-11 mil unit pace when they were at 15 mil. Do you understand that home stats are at 500K when they were at 2.3 mil peak. That is New Normal. 85% of all home mortgages are either Government owned or guaranteed. We talk about Euro-socialism, we do much worse. Bailouts of our financial institutions are just lipstick on the pig. Do you understand that financial industry lost trillions of dollars. That money is not coming back. We are feeding Citibanks and BoAs and the rest money from taxpayers pockets. This is borrowed money that is used to cover past losses and is not making money. This borrowing will be a burden for any future economic growth. Technology is one of the few bright stars in a very gloomy economic picture. What we were discussing here is a very narrow subject, cyclically of semi industry.

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