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

To: Gottfried who wrote (56502)	6/4/2012 12:32:38 PM
From: Return to Sender	1 Recommendation Read Replies (1) \| Respond to of 95422

OT: A few years back a very good friend of mine had their many millions of dollars in assets separated into as many banks and brokerage accounts as possible to protect them. The FDIC guarantee protects up to $250,000.00 per account. So for them that was a lot of shifting of assets. en.wikipedia.org It seemed like overkill to me but was it? What if their assets were only protected as they are in Europe? If you look at the protection afforded to 100,000.00 Euros at the current exchange rate it only amounts to $124,960.00 in protection. Even for me that would be a lot of accounts. For them, or someone truly wealthy, worried about a country going bankrupt? Limited protection versus no way to get to your money? It could be like "It's a Wonderful Life" and Bedford Falls versus Pottersville. 1 EUR = 1.2496 USD Those Europeans probably watched that movie too? No wonder there are bank runs in Europe. Just joking. Things really are that bad. The question is where is the bottom for what we trade because no matter what very few stocks we follow are going to zero. Most will offer great buying opportunities soon enough. RtS