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

To: Lizzie Tudor who wrote (8269)	1/28/2003 2:05:03 PM
From: Proud_Infidel	Respond to of 95757

Lizzie, I must say that I am in your camp. The Bears are looking for capitulation with the next major event coming up(ie Iraq). However, I believe this "event" has mostly been priced in by the market. We get high VIX readings when something comes at us out of the blue. Nobody(even the Bears who love bad news) can claim that is the case this time around. I believe the market is discounting a worst case scenario such as oil at $2.00 a gallon, oil fields on fire in Iraq etc. Once these things do not transpire, or do not transpire on such a level as many believe in their nightmare scenarios, the worst case will not have happened. And if oil is not at $2.00 two months from now, why should the market head lower? I have not yet heard from a single Bear who can articulate this case. Just a guess on the market of course, but isn't that what we all are doing? Brian