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

To: Donald Wennerstrom who wrote (12999)	1/11/2004 9:21:51 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95737

Here's another assessment from CNN/Money. money.cnn.com <<Quite a streak Stocks have rarely gone for so long without a selloff. Can the rally last? January 11, 2004: 12:24 AM EST By Justin Lahart, CNN/Money Senior Writer NEW YORK (CNN/Money) - Any day now the market is going to turn south. Really. [snip] "The best thing that could happen is for this market to have a reasonable correction," said Scott Larry Rice, vice president at investment firm Janney Montgomery Scott. "I would have thought we would have had one a long time ago." For Rice, the lack of any serious pullback is a sign that investors have reverted to the same sort of buy-the-dips mentality that got them into trouble in the late 1990s -- even the slightest selloff is being greeted as a buying opportunity. But just because people like Rice think it would be good medicine for stocks to slip doesn't mean the bitter pill is going to get served up anytime soon. It's a brand new year, optimism is running high and, as Rice himself points out, money is flowing into mutual funds. The fourth-quarter earnings season will kick off in the week ahead, and it looks like companies will post their strongest profit growth in over a decade. (Click here for the week's key earnings reports and here for a lineup of the week's other events.) Moreover, just because the market has gone so long without a significant drop doesn't mean that it can't keep going. The streak without a 5 percent drop in the S&P that ended in July 1996 began in December of 1994. "I constantly hear the market can't keep going higher, that this advance has gone too far to fast and that a major decline is imminent," said Midwest Research equity market strategist Tony Dwyer. "But every time I try to find an indicator to make me want to sell, I find something that makes me want to stay long and get longer instead.">>