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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JSLyons who wrote (3828)	7/3/2002 1:19:04 PM
From: Sarmad Y. Hermiz	Respond to of 95530

>> "public" Wall Street is virtually geared toward buying high and selling low. OK. That means that stock prices are supported by gullibles lured in to bring their wage-earned money, spend it on over-priced shares, then sell them for a loss, so they can be purchased by professionals to be re-sold to newly lured gullibles with fresh wage-earned money. Etc.......... Fair enough. A model can be constructed from that. The main ingredient is disposable income for the masses. Another element is the number of retail speculators to occupy the "gullible" places. With the reduction of employment, both elements are down lately. So can that account for some of the reduction of prices ? I think yes. Of course there are other elements. But they basically sum to the amount of money available to the market. With at least some foreign money leaving, it is obvious that stock prices cannot be anything but down. So that brings us to the point of what are the V recovery expectations founded on ? Is a reversal of these trends in disposable income or availability of gullibles, or foreign money on the verge of occurring ? And what are the signs that indicate its direction ? I know these are difficult questions. But as the joke about the drunk looking for his car keys under the lamp (even though they were lost down the block). Just because the government does not tell us how much money is leaving the country, it does not mean it is not happening. By the way, even though everyone knows the Euro rose 25% vs dollar. And that surely means funds moved from US banks to Europe. Have you seen a single gov or Fed figure for how many dollars that is ? I haven't. And would really like to know. Because then we can relate that to how much money left the stock market. Getting more pessimistic as time goes on. Sarmad

To: JSLyons who wrote (3828)	7/3/2002 6:35:59 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 95530

Jonathan, >> some likely sellers: mutual funds seeking redemption capital; Speaking of redemptions ............. By the way, I think this makes approx $30 B in 4 weeks. And if this is the case, it is not a matter of shorts doing us in, but the average joe walking away with what's left of his wallet. If only I was that smart back in April. Sarmad edit. I wonder what it will take to bring this money back into the market ? Higher prices ????? ------------------ bigcharts.marketwatch.com MarketPulse 5:09PM Investors yank $11 bln from stock funds in latest week by Craig Tolliver Investors withdrew $10.9 billion from stock mutual funds in the shortened holiday week, following outflows of $9.2 billion the week before, according to Trim Tabs. Over the four-day period ended Tuesday, equity funds investing primarily in U.S. stocks had outflows of $10.9 billion, compared with outflows of $7.6 billion the prior week. International equity fund flows were flat in the latest week, vs. outflows of $1.6 billion the previous week, according to the Santa Rosa, Calif.-based fund analyst. Trim Tabs tracks the daily flows of ninety fund families, representing about 15 percent of all equity fund assets, to arrive at its weekly averages.