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


To: etchmeister who wrote (31533)7/18/2006 11:10:32 AM
From: Donald Wennerstrom  Read Replies (3) | Respond to of 95622
 
Etch, As usual in 1998, many factors affected the stock market and caused it to go down. The article you posted is very interesting, and IMO reflects the "poor" economic situation during 1998 that was a big contributor in causing a market bottom on 8 Oct.

The table below shows the difference between "then" and "now".

- BOOK BILL BOOK BILL
- YR YR YR YR
- 1998 1998 YR 2006 2006 YR
Month (M) (M) 1998 (M) (M) 2006
JAN 1363 1458 0.93 1226 1259 0.97
FEB 1233 1369 0.90 1293 1283 1.01
MAR 1123 1370 0.82 1385 1339 1.03
APR 1102 1416 0.78 1604 1441 1.11
MAY 1107 1361 0.81 1652 1481 1.12
JUN 933 1266 0.74
JUL 718 1112 0.65
AUG 572 1012 0.56
SEP 481 846 0.57
OCT 638 852 0.75
NOV 767 932 0.82
DEC 883 921 0.96
TOTAL 10920 13914

The data in 98 shows a downturn in semi-equip economic activity that corresponded to lower stock prices. In 06, we have an upturn in semi-equip economic activity, yet we again have lower stock prices. No correlation in 06.