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Technology Stocks : Semi Equipment Analysis

SOXX 301.15

-1.2%

Dec 31 4:00 PM EST

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To: FJB who wrote (53103)	8/7/2011 1:14:56 PM
From: Sam	Read Replies (1) of 95657

OT It should be clear to anyone with half a memory that 10 year projections by anyone (whether they are in public or private life) are inherently unreliable. That is even more true for 30 or 40 year projections. That $100 trillion (or whatever it is) of unfunded liabilities is slated to be due in increments over a 20-50 year period, as the baby boomers age. None of us here knows what conditions will be over that period. They could be much better than they are today (with technological advances that will, e.g., actually reduce the cost of energy or make water more readily available and increase crop yields w/o the currently attending liabilities of depleted aquifers and soil as well as runoff, etc) or much worse (increasing drought and floods in different parts of the world, dramatic heat waves becoming normal, saltwater intrusion on coastal aquifers, peak oil hitting w/o development of alternative energy sources, etc). Speculation about what will be over the next few decades is fun and can be interesting, but I doubt if Don wants this thread to engage in much of it, even on a weekend.

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