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

To: BWAC who wrote (23019)	4/28/2005 3:24:39 PM
From: Donald Wennerstrom	Respond to of 95738

Briefing. com has the market all figured out - as follows. <<15:00 ET Dow -101, Nasdaq -20, S&P -9.57: [BRIEFING.COM] More of the same, as a widespread negative tone continues to weigh on the proceedings... Also contributing to losses of roughly 1.0% across the board for the major indices has been whether or not stocks deserve a lower multiple... While the strong Q1 earnings gains should push the P/E on S&P operating earnings down to about 16.4, as evidenced by aggregate S&P earnings growth now running about 5% above expectations (13% versus prior forecasts of about 8%), a greater risk premium has been placed on stocks due to the discouraging combination of slowing economic growth and rising inflation... NYSE Adv/Dec 1032/2173... Nasdaq Adv/Dec 871/2122.>>