Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Return to Sender who wrote (56131)	5/1/2012 9:31:39 PM
From: robert b furman	2 Recommendations Read Replies (1) of 95531

Hi Sam and RtS, I think ECRI has never before had to compensate for the economic activity that the double barrele fracing has given our economy. The exploration activity has been powerful. Not only has that contibuted but the low natural gas prices have given us chemical creation efficiencies which is enhancing many othe rindustries with cheap power creation. Oil exploration activities and the oil production has has a profound wealth creation that no backward looking economic data would be able to fore see ar even recognize until it was after the fact. If a recession requires negative growth for two quarters the economic level of fracing activity and it associated growth of ancillary businesses is giving us albeit aqnemic growth - but it certainly does not give us reduced or negative growth. ECRI has their professional pride on the line and they are good.They just do NOT have forward looking data bases that can extrapolate the new business our country is blessed and fortunate to be experiencing. We are becoming an exporter of natural resources in their value added refined products. Bob

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