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

To: michael97123 who wrote (12854)	12/30/2003 2:53:32 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 95579

>> I have yet to find one who predicted 2000 in 2003. Michael, I would like an analyst explain the riddle of why foreigners buy US treasury debt at an interest rate of 4%, and tolerate a loss of principal of 20% (compared to Euro or Yen). I think this is the key to why the market has befuddled people this year. Interest rates ought to be higher. And stock prices lower. But they are not. The game now is to guess how long the imbalance lasts. How the heck can the US treasury borrow $500B and not pay higher rates ? While home buyers borrowed another $3trillion, and importers another few $trillion in the past few years. It's a mystery, and analysts are no more privy to it than we are. Sarmad