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

To: FJB who wrote (44975)	8/8/2009 8:13:48 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95579

True, but unemployment apparently is a very lagging indicator. The key to coming out of the recession is to have positive GDP growth. I was just reading this coming Monday's IBD today and they expect the GDP to be anywhere from 0 to 3.5 percent for the summer period. According to IBD, "the Fed went pedal to the metal on money creation in December, slashing it benchmark fed funds rate to zero. Since then the monetary base - the most basic money supply controlled by the Fed - has grown at an average yearly rate of nearly 100%. That's the biggest sustained rise since the Fed began in 1913." Also according to IBD, "since the stock market bottoming on Mar 9, share prices have added more than $3.6 trillion to share holder wealth, a chunk of which will likely be spent in coming months." What's that old saying - "You can't fight the Fed?"<g> Don