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


To: Proud_Infidel who wrote (23058)4/29/2005 12:43:42 PM
From: Return to Sender  Respond to of 95743
 
Brian, did you look down through all the charts I provided? If you do then you can attempt to make your own determination of where we are in this current cycle.

Obviously a lot of factors come into play that effect each sectors strength or weakness. It is not as cut and dried as saying we are past the market top and beginning the slippery slide towards a recession. But if institutional investors practice enough group think along those lines then the market will continue to sell off in all sectors. Trading with Mr. Algo Rithm only explains some of the heavier volume and not the general direction of trading.

RtS



To: Proud_Infidel who wrote (23058)4/29/2005 5:02:38 PM
From: Kirk ©  Respond to of 95743
 
"I have never had less faith in the concept of an "efficient market" than I do after seeing all I have in the past few years. People chase stocks; they do NOT make rational attempts at discounting future cash flows. The notion of real efficient markets is nonsense taught in schools, and is not practised in the real world."

I think markets are very efficient in the long term. The crap goes out of business and the good, well run companies make money. The trouble is it takes decades for this to work out.

In the short term, it seems all about manipulation of everything from expectations, emotions and even politics. As a nation, we (and the Brits I believe) are far happier if our governments are deadlocked and our leaders chase interns or have affairs with women who wear funny hats. We now have a leader, like him or not, who is faced with tough problems and our countries don't like taking medicine so we kick and scream.... and the markets become tough.