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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Donald Wennerstrom who wrote (49235)	9/5/2010 10:43:37 AM
From: Sam	1 Recommendation Read Replies (3) of 95572

Don, "Sept 2017: Projected date of full job recovery at current rate" I would emphasize the last three words in that silly sentence. There is no way in hell that the current rate will continue. We will either fall into a depression of some sort (that is, unemployment going into the high teens even the way the US measures these things), or we will begin to have stronger employment growth. These continual extrapolations from recent events--rather than actually thinking about what is happening and why--are what gets us into constant trouble. Indeed, the credict freeze of '08 was a result of people absurdly extrapolating that real estate prices would just continue to rise forever. EDIT: I didn't see Gottfried's comment and your reply when I wrote the above. It figures it was from a mag like IBD. I don't recall offhand them making any comparisons between the job recoveries during the Clinton and the Bush41 years.

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