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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%4:00 PM EST

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To: Donald Wennerstrom who wrote (53838)9/22/2011 6:17:25 PM
From: Return to Sender4 Recommendations  Read Replies (3) of 95526
 
We might get a bottom despite the FED attempting to support the market Don. There is a serious disconnect going on here. Money goes to big business which has done very little in the way of hiring anyone to work here in the good old USA. Yes, banks have enough money to avoid defaults but they sure are not loaning much of it out to anyone even if they are good risks. Most people are seriously underwater on their mortgages and cannot even refinance.

Yes, companies that are multinational in nature have done well over the last couple of years but our economy is largely driven by consumer spending right here at home. How much money have you spent lately?

Okay, last week I bought a new iPod (I get my music essentially for free now) but my laptop is two years old. I usually upgrade every two years. I probably won't this year as it's working fine.

My house is worth less than it was.
My business has been in decline for years.
My trading account brought in more money last year than my business but it will not this year. That's despite my business making less this year than last.

I have not bought a new car since 2005. I always pay cash for them and it is running fine. I used to buy new every 4 to 5 years. I won't this year either.

I'm a small businessman who has zero incentives to hire anyone new at work. In fact I could let someone go. I could even retire early and simply trade stocks. I think I can make money long or short doing it but I like my job. If I do my employees will be out of work with almost no chance of finding a job.

I would hate to do that to them when I am only 54.

Anyhow there is no real help on the horizon no matter how many dollars the FED prints because they are not filtering down to the small businessman who employs most of the workers throughout our country. We have so many people out of work already and who is going to hire them.

Enough of that for now Don.

RtS
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