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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (5361)	7/21/2005 1:18:30 PM
From: All Mtn Ski	Read Replies (1) \| Respond to of 5867

Notice this figures are a "revised" version of the LEI, and without the revision it would have been 0.5. Of course the calculations will be with us from now on. Amazing how the new method results in a more positive reading..... Of course you are also aware of the birth/death assumptions that go into the monthly non-farm jobs number, in one report it added 150k jobs just based on the assumption? Look at all the huge layoff announcements (IBM, GM, G, HP etc), the "job growth" has not been organic. Believing headline gov't numbers is like believing there was WMD in Iraq. Wall Street goes along with it because they want new investment money and turnover and that is created with positive headline numbers while the reality is that the only jobs created over the past few years have been mostly gov't jobs and jobs related to the housing bubble. (Agents, mortgage brokers, construction workers etc.) The economy is weaker than is reported and eventually the true fundamentals will trump the "hype". That is why I think IC sales may top off in 2005 and move lower in the 2006-2007 timeframe. Some of these housing markets will burst. I know here in Denver supply has gone way up and overall prices are weaker YoY. Do I like seeing my home decrease in value? No, but I have no control over it. What happens in California, Vegas, Florida etc when we get another repeat of '89-93? Declines are going to kill some people who are "using margin" with interest-only mortgages. Anyway, housing is a piece of the overall picture, there is much more, but I've got to get some work in today. <g> A-M-S