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

To: Donald Wennerstrom who wrote (55873)	4/1/2012 2:59:06 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95567

In defense of those who are still thinking that we should be going long here there are many valid arguments. First the amount of liquidity going into world currency markets is unprecedented and can and does create ideal investment opportunities for stock market investors. I think this is yet another bubble. Second the P/E Ratio of the S&P 500 is low if we base it upon comparisons to anything we have seen in the last 25 years. I think you have to look to long term generational market bottom lows to understand how low P/E ratios can actually get at those lows. Third the market has yet to see the kind of investment interest that brings in small investors in droves and results in market topping distribution. There should be a huge rise in market volume when the market truly tops. When that happens look out below! Until then however... Despite the 113% rise in the S&P 500 since the March 2009 low the market can continue to rise even if we get a correction in that advance. We are not seeing market top action right now. Not in the volume. Not in the actions of small investors. Not in sentiment which may be quite bullish on the Investors Intelligent Poll but not at market top extremes. RtS

To: Donald Wennerstrom who wrote (55873)	4/1/2012 10:38:16 PM
From: Woody_Nickels	2 Recommendations Respond to of 95567

Actually the blue chip, dividend payers I bought near the market lows in 4Q08 and 1Q09 are providing both capital gains and dividends, atm. The best of two investment philosophies. The smaller cap techs that I bought were sold after a nice run up, and that cash is awaiting redeployment. We usually get 2 or 3 nice investing opportunities each decade, during which we buy the 'dip'. Techs are not quite the cyclical play we enjoyed in the '90s, but the cycle has not been repealed, yet. Once, we could play the semi cycle every couple of years. Now it's not so simple, but still possible... just not at the magnitude or frequency that we like. Woody