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Lam Research Corporation Message Board

  • mario_themario mario_themario Jan 31, 2006 9:42 AM Flag

    General markets

    still in denial. Oil is above 68, nat gas on the move, metals keep hitting new highs, savings rate lowest since the depression and is negative for the year, and expect the same in 06 as the consumer has no more leverage. Home eq's are all but done as the housing market has peaked so credit cards here we come to meet expenses. Interest rates hitting 4.5% today and the 10 year is right there with it.

    I will say Lam has been bullet proof. It was the only equip stock in the black yesterday and up over 1% again. Major pull backs being seen in asml, klac, amat, but not here and they are a one trick pony with little diversification in their portfolio of products.

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    • Denial is an understatement, but hey if they want stocks higher and will pay anything for them, so be it. I just won't play that game again. Amr is up 15% in 2 days as oil keeps tracking higher. They only lose 6 mil a day from normal operations when the economy is strong, and estimates are based on $50 oil, but that doesn't stop the madness there. A squeeze at least once a week with a 10% move in 1 day is a given. Has nothing to do with valuations, earnings , debt, or anything for that matter that has anything to do with investing, but the big $$$ will buy stocks when they can manipulate them. No position right now and I'm heading to Vegas to bet the super bowl. Odds are better there !!!

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