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

To: Sarmad Y. Hermiz who wrote (12432)	11/7/2003 10:26:56 PM
From: BWAC	Read Replies (1) \| Respond to of 95420

<So now can there be any doubt that the holiday shopping data will set all time records for spending ? Millions of people have new homes and will spend on furnishings and appliances.> Of course no doubt. Why even wait for the holidays. Looks like an early start to the 'give me' season. -------------------------------------------- WASHINGTON, Nov 7 (Reuters) - U.S. consumers piled on debt in September, taking on loans for cars and other items at a rapid pace, the Federal Reserve said on Friday. The Fed said consumer credit outstanding rose a larger-than-expected $15.1 billion to $1.972 trillion in September, its biggest gain since January. It marked an acceleration from August's revised $8.8 billion gain and was well ahead of Wall Street expectations of a $5.9 billion increase. By far, most of the gain came from so-called non-revolving credit -- closed-end loans for cars, boats, mobile homes and tuition expenses. That category saw a $12.1 billion rise in debt outstanding. Revolving debt, which tracks credit and charge card usage, posted a $3.0 billion rise in September, almost double the $1.7 billion advance seen in August. The Fed data helps explain the surge in consumer spending that pushed U.S. economic growth to an eye-popping 7.2 percent annual rate in the third quarter. Economists doubt that pace will be sustained ahead, in part because of household debt burdens. In a Sept. 26 speech, Fed Chairman Alan Greenspan noted household debt had risen "appreciably in recent years" but added it was being "serviced adequately." --------------------------------------------------- PS: Being "serviced adequately" at zero% for 12 months is going to turn into deep deep trouble when the FEeD Chairman raises rates and buries these households that he has enticed into the debt hole.

To: Sarmad Y. Hermiz who wrote (12432)	11/9/2003 2:56:50 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95420

We have had very good gains the past 2 weeks - the market may be in a consolidating mode, or a real change in direction. Some snips from the following article: cbs.marketwatch.com [snip] <<U.S. stocks looking sideways Indexes stalled despite bullish jobs data By Steve Gelsi, CBS.MarketWatch.com Last Update: 4:27 AM ET Nov. 8, 2003 NEW YORK (CBS.MW) -- U.S. stocks are heading into the coming week with mixed messages as investors mull further buying against heady year-to-date gains. A sparkling jobs report -- often the most compelling economic data in a given month -- failed to spark movement in any solid direction on Friday. The Dow Jones Industrial Average ($DJ: news, chart, profile) ended the week at 9,809, about 8 points above its week-ago level of 9,801. The index is now up about 18 percent for the year. The Nasdaq ($COMPQ: news, chart, profile) finished the last seven days at 1,970, up 38 points, or 2 percent from its week-ago close of 1,932. The tech heavy index is up about 48 percent this year. The S&P 500 ($SPX: news, chart, profile) wrapped up the week at 1,053, up 3 points, or 0.3 percent, from its week-ago close of 1,050. The index is up about 20 percent in 2003.>> <<"The market is just going to trade sideways," said Peter Cardillo of Global Partners Securities. "Obviously, the market did not run up on the better-than-expected job report. It's just an indication that the market needs to consolidate at the higher end of the trading range and that it's a bit top heavy. The market is holding onto its big gains, but consolidating before the next run begins.">> <<The strong job creation, teamed with last week's robust GDP number, may be raising the specter of an interest rate hike coming sooner than later.>> <<Richard Williams, a strategist with Summit Analytic Partners, articulated the feeling that things are building to a head on Wall Street. "We believe that the market is very close to a decision point that could be very significant, with potential upside or downside that could surprise the marketplace," he said in a note to clients. "With recent economic data fueling the debate rather than resolving it, investors are about to either get their wish or be extremely disappointed depending on the outcome of the next few economic reports," Williams added. "The patterns suggest that a critical moment is at hand and the implications could be either very positive or down right nasty.">> Don

To: Sarmad Y. Hermiz who wrote (12432)	11/9/2003 4:50:04 PM
From: michael97123	Read Replies (1) \| Respond to of 95420

Sarmad, Nasdaq is up 80 from the lows%. The good news is met with some selling as we get close to the 2000 milestone. Folks may be exhuberant but not irrationally so. So maybe we pause for a couple of weeks and then maybe a month from now we are in the 2000s. And another pause. All healthy. Some analyst one said start lightening up at the second fed increase. I suspect the second rate increase will have us up to 2% sometime in spring of next year. I will lighten up but suspect that at 2% rates will still be low enough to sustain the markets a bit longer. Mike