With the Dow above 2000 levels and the S&P500 at the door step, the SOX is still down 67% from 2000 levels. Also the market is up 10+% in '06 while the SOX is negative. Does not add up. A good economy/market - means semis have to be being used massively + more applications for chips in the world today than ever before. Chip stocks WAY UNDERVALUED. Suffering from investor tech hangover but with the market roaring chips being down 67% from highs just cannot last.