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

To: etchmeister who wrote (31325)	7/9/2006 12:18:16 AM
From: Return to Sender	Read Replies (2) \| Respond to of 95748

Etch, people have been pooh poohing my Presidential Cycle warnings for years. I have written time and again that history has a habit of repeating itself. Sure it's never a carbon copy but we have already seen things this year like the Investors Intelligence Poll rising to the same number of bears as bulls and the volatility indices beginning to make higher lows and higher highs that most here would have said meant nothing in 2003. But people here are learning for the most part to respect the possibility that sentiment, market breadth, technical analysis along with cyclical awareness may have some value. Now many try to find solace by suggesting that sentiment has become more bearish than any time the last few years. Gee, that is true but sentiment and market breadth can diverge. When a true bottom is being put in place sentiment looks horrible even as market breadth is getting better and the major averages hit new lows. So far everything that I have suggested might happen is playing out. Is the worst behind us? I doubt we have hit bottom but that does not mean I'm right. That's one reason why I have refrained from harping on the subject. I know I could be wrong. I know that if you look at stocks in this group and use valuations assigned from 1997 forward that many of the stocks look cheap. What has happened well it's not simply option related scandals. It's a factor but it's much more than that. It's institutional selling in stocks throughout much of the market. In my opinion the economy is going to slow substantially. Institutional investors know the FED wants it to slow. They won't be satisfied until they raise rates enough to truly slow the economy and in the process they will bring down every sector in the market. I know I sound like a broken record too so I try not constantly hammer home my viewpoint but we ain't living in the fabulous 90's anymore. PS, find someone else to share your thoughtful insights and song lyrics with. I'll read your posts but I won't reply to them again in the future. RtS