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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: FJB who wrote (54557)11/7/2011 11:45:15 AM
From: Return to Sender5 Recommendations  Read Replies (4) of 95572
 
Thanks FUBHO. Very interesting how argumentative the interview was. Much like our own discussions here.

Here's my own transcript:

(The CNBC Guys) - Latchman you dress like a Dandy. We don't know when you were last here but when you were here everything you said was wrong. You might dress very well but your forecast looks anything but well dressed. They are thinking: (How can you afford to dress like that when you were wrong last month about a recession? Every indicator we follow says you are an idiot.)

Latchman - Nothing has changed since our last talk in late September. We still see a recession coming and there is nothing that can be done to avoid it. There is a contagion in the forward looking indicators.

(CNBC Guy) - Yeah but give us one example of an indicator you watch that says we are going into recession?

Latchman - I'm watching the Weekly Impudence Indicator. You wouldn't understand because you dress bad. We are going into recession because I say we are. (He's thinking I wouldn't tell you how I know 'cause if I did I would not be able to charge other people who can afford to dress like me.) (He's thinking I can afford to dress like a Dandy because I was right in 2001 and 2008 when most of you idiots were wrong)

Past recessions have begun with quarters that show growth.

(CNBC Guy) - Just give us one indicator? One?

Latchman - It's a whole bunch of things. There is no Holy Grail. We have a divergence between our view and the consensus.

(CNBC Guy) - Just one indicator! Give us an idea. Look into your cauldron Mr. Wizard.

Latchman - You don't want to hear it and even if you did I am not telling you. The market is looking at short term stuff.

(CNBC) - Blah, Blah, Blah.

Latchman - Yada, Yada, Yada,

(CNBC) - We don't know the recipe for coke or Col. Sanders Chicken... We gotta go.

Keep in mind that ECRI was right in 2001 and 2008 and the market did decline further when indicators that we all follow showed us to be in recession.

Will ECRI be right this time? Time will tell.

LOL, RtS
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