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

To: Jacob Snyder who wrote (53190)	8/11/2011 3:12:11 PM
From: semi_infinite	Respond to of 95616

Gratham in his most recent letter thinks that S&P fair value is 950 at most. He started nibbling this week. Last time he bought was mid-2009.

To: Jacob Snyder who wrote (53190)	8/11/2011 5:01:03 PM
From: Ian@SI	Respond to of 95616

Jacob, I posted this on the Biotech Valuation Thread yesterday. None offered any insight yet. Perhaps you can. If you don't think that this OT subject is of general interest here, PM me. If the average rating in a bond fund applies to short term treasuries also applies to long term treasuries, isn't it also possible that the LT stuff will also rise in price as funds are forced to dump lower rated holdings and take on more of the US AA+ debt? I'm way out of my depth here. thanks, Ian ++++++++++++++++++ Just curious. Is this really being caused by bond fund managers choosing to buy Treasuries and sell corporate or junk bonds in order to keep their average rating in line with their prospectus? Or is something else keeping the yields artificially low? re: Treasurys Sale Goes Off at Lowest Yield on Record The Treasury Department on Wednesday sold $24 billion of benchmark 10-year notes at 2.14%—the lowest yield on record—nudging prices to session highs.

To: Jacob Snyder who wrote (53190)	8/11/2011 5:34:25 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95616

Of course no one knows what the market will do for sure. I do know that I have been expecting the S&P 500 to eventually trade down to past super bear market lows on its P/E before we actually bottom. Someone else will have to do the math but if the S&P 500 hits a P/E of 6 (I'm not talking projected earnings but actual earnings) then how much lower would it have to go before we bottom? Cut it in half anyway. The market could continue to rally but I doubt it will last. What extra fuel can they throw at it to create jobs now when we have very few competitive advantages left in the good old U.S. of A and more and more kids growing up today who who rather sit around playing video games, feeding their overfed selves than actually learn something of value and work hard enough to enjoy some well earned leisure. Color me a cynic. JMHO, RtS