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

To: marc ultra who wrote (48130)	6/8/2010 12:40:18 PM
From: FJB	Respond to of 95596

Man, I hope you are right!

To: marc ultra who wrote (48130)	6/8/2010 12:57:16 PM
From: Sam	3 Recommendations Respond to of 95596

I tend to agree with you--so far. This is "just" a healthy correction. But I have to say, Mr. Market has succeeded in arousing anxiety in me about what is going on. With debt levels this high in governments around the world, and bad loans on the books of virtually every major bank and with the banks are still "extending and pretending," the situation is unprecedented, in my experience at least. The debt issues in both the private and the public sectors throw something into the mix that enormously complicates matters for me. As far as the SOX goes, the chart below says we had better be hitting bottom soon. The reaction to this quarter's earnings announcements will be telling, IMHO. The earnings should be largely good. But earnings in the last 4 quarters have been largely good, even very good, and Mr. Market responded with a sell off in the following weeks, this one the most viscous. But of course the run-up prior to earnings was the best run-up too. Maybe we will reverse that pattern this time--selling off before earnings, and rallying afterwards:

To: marc ultra who wrote (48130)	6/18/2010 8:57:15 PM
From: marc ultra	2 Recommendations Read Replies (2) \| Respond to of 95596

On 6/8 near the market lows, in post 48130 I noted when we got down to S&P 1042 that day that we successfully tested that 1040 selling climax correction low of the morning of 5/25 and we were imminently ready to embark on what would be a new strong leg up in the bull market. I also noted in that post that market fundamentals were in fact extremely positive. We're now 10 days or 8 trading days later and we're up 75 S&P points and about 700 Dow points from the 1042 intraday successful retest. I must say I found it interesting during this rally to hear people like Cramer saying several times the rally was essentially phony because it shouldn't be going up on days on which he thought the news was bad. As I said at the time of the successful retest, so far, so good.