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

To: Jess Beltz who wrote (15449)	5/28/2004 11:40:57 AM
From: Donald Wennerstrom	Respond to of 95640

<<DJ Fidelity's Stansky Admits Mistakes After A Lagging Year>> I think many "entities" are going to have to admit they made a mistake, sooner or later, by misjudging the state of the economy. The "institutions have been "unloading" since this past January expecting a substantial pullback so they could "load up" for the next runup. The problem is - it didn't happen, and the evidence is growing more each day that the economy is strong and expanding very nicely, thank you! The pullback just isn't going to happen for awhile, and in the meantime "they" have to get back on board. This situation may lead to a good "summer run". Just a "tidbit" from Briefing.com this morning on how things are going. <<10:30 ET Dow -25, Nasdaq -7, S&P -2.78: [BRIEFING.COM] Market continues to drift lower, despite the surge in the May Chicago PMI Index to 16-year highs... The regional manufacturing index climbed to 68.0 - charging past the consensus estimate of 62.0 - as new orders spiked to 74.4... The survey's employment index also rose to 54.8 - quite encouraging considering how hard Chicago-area businesses were hit during the recent downturn... The strength of the data suggests that estimates to next week's May ISM Index will be revised higher (consensus currently stands at 61.0)... Stock action off the encouraging report, however, has been disappointing - bringing to mind past weeks when strong economic reports were greeted with disinterest from buyers... NYSE Adv/Dec 1492/1278... Nasdaq Adv/Dec 1097/1478.