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

To: Sarmad Y. Hermiz who wrote (17756)	8/7/2004 1:00:49 PM
From: michael97123	Respond to of 95683

"So the current question is whether the high oil price is a sign of inflation, or just an isolated specific situation ? " It is a cause of commodity based inflation that apparently does not have legs given weak employement and wage numbers. Regardless of 1 1/4 or 1/12, 30 year mortgage rates are back below 6% after the jobs report and this will give a lift to the housing market. I will accept your dictum that 1 1/4 or 1 1/2 dont matter but i do think, the fed being clear that given the speed bump, the raising of rates is not likely to continue beyond this one, is part of the remedy the market needs with the other being the cracking of the oil price and i keep wanting to say killing the shorts but in this case the shorts are the good guys (g) and we will be killing the oil longs and speculators. Mike