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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

4:00 PM EST

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To: Jacob Snyder who wrote (53190)	8/11/2011 5:34:25 PM
From: Return to Sender	Read Replies (1) of 95611

Of course no one knows what the market will do for sure. I do know that I have been expecting the S&P 500 to eventually trade down to past super bear market lows on its P/E before we actually bottom. Someone else will have to do the math but if the S&P 500 hits a P/E of 6 (I'm not talking projected earnings but actual earnings) then how much lower would it have to go before we bottom? Cut it in half anyway. The market could continue to rally but I doubt it will last. What extra fuel can they throw at it to create jobs now when we have very few competitive advantages left in the good old U.S. of A and more and more kids growing up today who who rather sit around playing video games, feeding their overfed selves than actually learn something of value and work hard enough to enjoy some well earned leisure. Color me a cynic. JMHO, RtS

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