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

To: Cary Salsberg who wrote (11562)	9/11/2003 3:37:57 PM
From: Sam Citron	Read Replies (1) \| Respond to of 95616

I associate "so low..." with terrorism and warmongering and it is the only explanation I can produce for that market outcome. I can imagine other possible scenarios that may upset a budding recovery even if we manage to avoid another terrorist incident as severe as 911 and avoid another war as unnecessary as Iraq. Wars must be paid for even after the war has ended. I seem to remember a certain delay in facing up to the costs of the Vietnam War helping to cause a sharp recession in '73-'74. Warmongering and terror impose real costs on the economy even after the psychological effects of the trauma have slowly diminished. $100 billion here and $87 billion there and pretty soon you are talking about real money. Misguided fiscal policy also imposes costs on the economy by shifting money from the poor, who would spend it, to the rich, who may have a lower propensity to consume. And jobs may be slow to recover and this will constrain purchasing power as well. I don't say such an outcome is likely, but it certainly is a possibility.