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From: brokenst0nes3/14/2012 7:20:00 AM
2 Recommendations   of 66218
 
finance.yahoo.com

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To: Sam who wrote (55713)3/14/2012 2:16:59 PM
From: Donald Wennerstrom
   of 66218
 
Sam, Another factor affecting the economy and stock prices is the dollar index. The dollar index in 1985 hit 140 and has decreased since then to around 70 today. This article has some information that may be of interest.

advisorperspectives.com

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From: Gottfried3/14/2012 2:44:14 PM
   of 66218
 
Applied Materials to Host 2012 Investor and Analyst Meeting on Wednesday, March 28
phoenix.corporate-ir.net

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From: Gottfried3/14/2012 7:40:23 PM
2 Recommendations   of 66218
 
bpNDX rose one to 81% [BBBY]

Mar01 Mar02 Mar05 Mar06 Mar07 Mar08 Mar09 Mar12 Mar13 Mar14
AAPL
AAPL AAPL AAPL AAPL AAPL ADBE
ADBE ADBE ADBE AAPL ADBE ADBE ADP
ADP ADP ADP AAPL ADBE ADP ADP ADSK
ADSK ADSK ADSK AAPL AAPL ADBE ADP ADSK ADSK AKAM
AKAM AKAM AKAM ADBE ADBE ADP ADSK AKAM AKAM ALTR
ALTR ALTR ALTR ADP ADP ADSK AKAM ALTR ALTR ALXN
ALXN ALXN ALXN ADSK ADSK AKAM ALTR ALXN ALXN AMAT
AMAT AMAT AMAT AKAM AKAM ALTR ALXN AMAT AMAT AMGN
AMGN AMGN AMGN ALTR ALTR ALXN AMAT AMGN AMGN AMZN
ATVI ATVI ATVI ALXN ALXN AMAT AMGN AMZN AMZN ATVI
AVGO AVGO AVGO AMAT AMAT AMGN AMZN ATVI ATVI AVGO
BIDU BIDU BIDU AMGN AMGN AMZN ATVI AVGO AVGO BBBY
BIIB BIIB BIIB ATVI ATVI ATVI AVGO BIDU BIDU BIDU
BMC BMC BMC AVGO AVGO AVGO BIDU BIIB BIIB BIIB
CA CA CA BIDU BIDU BIDU BIIB BMC BMC BMC
CELG CELG CELG BIIB BIIB BIIB BMC CA CA CA
CERN CERN CERN BMC BMC BMC CA CELG CELG CELG
CHKP CHKP CHKP CA CA CA CELG CERN CERN CERN
CMCSA CMCSA CMCSA CELG CELG CELG CERN CHKP CHKP CHKP
CSCO CSCO CSCO CERN CERN CERN CHKP CMCSA CMCSA CMCSA
CTRP CTRP CTRP CHKP CHKP CHKP CMCSA COST COST COST
CTSH CTSH CTSH CMCSA CMCSA CMCSA COST CSCO CSCO CSCO
CTXS CTXS CTXS CSCO CSCO CSCO CSCO CTRP CTRP CTRP
DELL DELL DELL CTRP CTRP CTRP CTRP CTSH CTSH CTSH
DLTR DLTR DLTR CTSH CTSH CTSH CTSH CTXS CTXS CTXS
EBAY EBAY EBAY DELL DELL DELL DELL DELL DELL DELL
ESRX ESRX ESRX DLTR DLTR DLTR DLTR DLTR DLTR DLTR
EXPD EXPD EXPD EBAY EBAY EBAY EBAY EBAY EBAY EBAY
EXPE EXPE EXPE ESRX ESRX ESRX ESRX ESRX ESRX ESRX
FAST FAST FAST EXPD EXPD EXPD EXPD EXPD EXPD EXPD
FFIV FFIV FFIV EXPE EXPE EXPE EXPE EXPE EXPE EXPE
FISV FISV FISV FAST FAST FAST FAST FAST FAST FAST
FLEX FLEX FLEX FFIV FFIV FFIV FFIV FFIV FFIV FFIV
FOSL FOSL FOSL FISV FISV FISV FISV FISV FISV FISV
GILD GILD GILD FLEX FLEX FLEX FLEX FLEX FLEX FLEX
GOLD GOLD GOLD FOSL FOSL FOSL FOSL FOSL FOSL FOSL
GRMN GRMN GRMN GILD GILD GILD GILD GILD GILD GILD
HSIC HSIC HSIC GRMN GRMN GRMN GRMN GRMN GRMN GRMN
INFY INFY INFY HSIC HSIC HSIC HSIC HSIC HSIC HSIC
INTC INTC INTC INFY INFY INFY INFY INFY INFY INFY
INTU INTU INTU INTC INTC INTC INTC INTC INTC INTC
ISRG ISRG ISRG INTU INTU INTU INTU INTU INTU INTU
KLAC KLAC KLAC ISRG ISRG ISRG ISRG ISRG ISRG ISRG
LIFE LIFE LIFE KLAC KLAC KLAC KLAC KLAC KLAC KLAC
LINTA LINTA LINTA LIFE LIFE LIFE LIFE LIFE LIFE LIFE
LLTC LLTC LLTC LINTA LINTA LINTA LINTA LINTA LINTA LINTA
LRCX LRCX LRCX LLTC LLTC LLTC LLTC LLTC LLTC LLTC
MAT MAT MAT LRCX LRCX LRCX LRCX LRCX LRCX LRCX
MCHP MCHP MCHP MAT MAT MAT MAT MAT MAT MAT
MNST MNST MNST MCHP MCHP MCHP MCHP MCHP MCHP MCHP
MRVL MRVL MRVL MNST MNST MNST MNST MNST MNST MNST
MSFT MSFT MSFT MRVL MRVL MRVL MRVL MRVL MRVL MRVL
MU MU MU MSFT MSFT MSFT MSFT MSFT MSFT MSFT
MXIM MXIM MXIM MU MU MU MU MU MU MU
MYL MYL MYL MXIM MXIM MXIM MXIM MXIM MXIM MXIM
NTAP NTAP NTAP MYL MYL MYL MYL MYL MYL MYL
NUAN NUAN NUAN NTAP NTAP NTAP NTAP NTAP NTAP NTAP
NVDA NVDA NVDA NUAN NUAN NUAN NUAN NUAN NUAN NUAN
NWSA NWSA NWSA NWSA NWSA NWSA NWSA NWSA NWSA NWSA
ORLY ORLY ORLY ORLY ORLY ORLY ORLY ORLY ORLY ORLY
PAYX PAYX PAYX PAYX PAYX PAYX PAYX PAYX PAYX PAYX
PCAR PCAR PCAR PCAR PCAR PCAR PCAR PCAR PCAR PCAR
PCLN PCLN PCLN PCLN PCLN PCLN PCLN PCLN PCLN PCLN
PRGO PRGO PRGO PRGO PRGO PRGO PRGO PRGO PRGO PRGO
QCOM QCOM QCOM QCOM QCOM QCOM QCOM QCOM QCOM QCOM
ROST ROST ROST ROST ROST ROST ROST ROST ROST ROST
SBUX SBUX SBUX SBUX SBUX SBUX SBUX SBUX SBUX SBUX
SHLD SHLD SHLD SHLD SHLD SHLD SHLD SHLD SHLD SHLD
SIAL SIAL SIAL SIAL SIAL SIAL SIAL SIAL SIAL SIAL
SPLS SPLS SPLS SPLS SPLS SPLS SPLS SPLS SPLS SPLS
SRCL SRCL SRCL SRCL SRCL SRCL SRCL SRCL SRCL SRCL
STX STX STX STX STX STX STX STX STX STX
TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA TEVA
VOD VOD VOD VOD VOD VOD VOD VOD VOD VOD
VRSN VRSN VRSN VRSN VRSN VRSN VRSN VRSN VRSN VRSN
WCRX WCRX WCRX WCRX WCRX WCRX WCRX WCRX WCRX WCRX
WFM WFM WFM WFM WFM WFM WFM WFM WFM WFM
WYNN WYNN WYNN WYNN WYNN WYNN WYNN WYNN WYNN WYNN
XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX
XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY

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To: Gottfried who wrote (55720)3/14/2012 7:44:44 PM
From: Gottfried
3 Recommendations   of 66218
 
16 new 52 week NDX highs
		
03/14/2012
Open High Low Close Volume
AAPL 578.05 594.72 575.4 589.58 50568464
BBBY 62.93 65.65 62.67 65.47 6090390
CELG 75.92 77.43 75.29 76.01 2934186
COST 89.47 90.96 89.46 90.9 2066771
EBAY 37.3 37.72 37.06 37.62 12489805
FAST 53.43 53.6 52.52 52.83 1780781
FFIV 133.21 133.6 130.82 131.86 1437207
FISV 68.86 69.47 68.65 69.29 873913
INTC 27.45 27.9 27.34 27.46 46734368
ISRG 530.81 533 525.851 528.2 252963
MNST 60.52 60.689 59.14 59.24 1001427
MSFT 32.53 32.88 32.49 32.77 41986684
MXIM 28.22 28.71 28.045 28.45 2682249
QCOM 64.81 65.56 64.7 65.11 15126151
ROST 57.15 57.2 56.37 56.57 2048300
SBUX 52 52.91 51.92 52.68 7369800

NO new 52 week NDX low

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To: Gottfried who wrote (55721)3/14/2012 11:37:52 PM
From: Return to Sender
1 Recommendation   of 66218
 
4:30 pm : The major equity averages booked a mixed finish as participants opted to rest on the heady gains scored in the prior session.

Stocks bounded in the prior session to set new multi-year highs. That drove buying abroad, but the positive tone was unable to extend into trade today. Instead, the broad market generally remained mired near the neutral line.

Economic data failed to act as a catalyst for trade. It featured a 0.4% increase in overall import prices. Excluding oil, import prices eased down by 0.1%. Prior month import prices featured increases of 0.3% and 0.1%, respectively. Export prices increased by 0.4%, or 0.5% when excluding agricultural items. The prior month saw export prices increase by 0.2% and 0.5%, respectively.

The fourth quarter current account deficit reportedly totaled $124.1 billion. A deficit of $113.8 billion had been expected, on average, among economists polled by Briefing.com.

Given the near 4% surge achieved by Financials in the prior session, the sector didn't have much of a reaction to news that only four of 19 banks came short of targets established in the latest round of stress tests. That said, many bank stocks were able to extend their gains, driving the KBW Bank Index to a 1.3% gain and its best level since last summer.

Tech stocks, which collectively carry the greatest market weight of any sector, traded with strength for most of the session. Gains were checked in mid-afternoon trade, but it was able to bounce off of the neutral line to score a 0.6% gain. Apple (AAPL 589.58, +21.48) shares continue to climb, resulting in new record highs and a market cap of nearly $550 billion. The stock's latest leg of gains came in combination of strong momentum and positive analyst commentary.

Treasuries were trounced. The action took the yield on the benchmark 10-year Note to a new multi-month high above 2.25%.

Also a traditional safe haven, gold prices dropped precipitously -- more than $50 -- to almost $1640 per ounce. That stoked selling in the SPDR Gold Trust ETF (GLD 159.57, -2.56), which tumbled to its lowest level since January.

The notion that an improving macro picture, albeit at a sluggish pace, diminishes the need for more monetary stimulus in the near term continues to bolster buying interest in the greenback. The dollar had ascended to a 0.5% gain against a basket of major foreign currencies by day's end.

Advancing Sectors: Tech +0.6%
Unchanged: Financials, Health Care
Declining Sectors: Consumer Discretionary -0.1%, Industrials -0.2%, Consumer Staples -0.3%, Materials -0.5%, Telecom -0.5%, Energy -1.0%, Utilities -1.4%DJ30 +16.42 NASDAQ +0.85 NQ100 +0.4% R2K -0.9% SP400 -0.7% SP500 -1.67 NASDAQ Adv/Vol/Dec 805/1.66 bln/1745 NYSE Adv/Vol/Dec 800/853 mln/2230

4:17PM First Solar announced it has hired James Hughes as Chief Commercial Officer (FSLR) 27.10 -0.22 :

3:33PM Motorola Solutions seeks declaratory judgment against Round Rock Research on patent claims (MSI) 50.50 +0.01 : The lawsuit, filed in the U.S. District Court for the District of Delaware, seeks a declaratory judgment that U.S. Patent Nos. 5,500,650; 5,627,544; 5,974,078; 6,459,726; and RE41,531 are not infringed by Motorola Solutions' RFID products and that one or more claims of Round Rock's patents are invalid.

2:33PM LSI Industries selected by Asbury Automotive Group to supply LED site lighting in both new and existing facilities. (LYTS) 7.12 -0.16 : Asbury operates 79 retail stores across the United States.

First Solar (FSLR) announced its 100% stake in Maryland Solar, a 20-megawatt photovoltaic solar power project in Hagerstown, Md.

7:14AM LSI Logic raises Q1 EPS, rev guidance above consensus (LSI) 8.54 : Co raises Q1 guidance, reflecting a stronger than expected hard disk drive market recovery and ramp of flash-based products issues upside guidance for Q1 (Mar), raises EPS to $0.12-0.16, excluding non-recurring items, from $0.09-0.15 vs. $0.12 Capital IQ Consensus Estimate; raises Q1 (Mar) revs to $585-615 mln from $550-590 mln vs. $571.73 mln Capital IQ Consensus Estimate. "We are benefiting from better than expected strength in the hard disk drive market in the quarter as our team has done a great job working with our customers to meet this additional demand. This revised guidance reflects strength in our hard disk drive business as well as upside in our projections for our flash-based products."

Clearwire (CLWR $2.24 +0.10) and Cricket announced that they have entered into a five-year wholesale agreement. With the agreement, Cricket will become the second operator to have signed on to leverage Clearwire's forthcoming LTE Advanced-ready network, which will provide capacity off-load services to supplement Cricket's own LTE network. Cricket currently plans to deploy LTE across approximately two-thirds of its current network footprint over the next two to three years and to cover up to approximately 25 million POPs with LTE network technology in 2012.

Kopin (KOPN $3.51 -0.12) was downgraded to Hold from Buy at Needham and the firm is removing their 12-month price target of $4.50. The firm notes, management provided 2012 annual guidance of $110-120 million, significantly below their $160 million estimate, primarily due to Defense Department budget cuts adversely affecting KOPN's military segment. With a projected loss of $(0.01) in 2012 and little earnings growth likely in 2013, they found ourselves hard pressed to maintain the Buy rating.

11:01 am Technology Sector trading higher today ahead of broader market

The tech sector is trading higher today, ahead of slight gains in the broader market. Semiconductors are showing relative strength in the tech space with the Philly Semi Index trading 0.6% higher. RBCN (+5.3%) is a notable leader in the chip index.

Among other major indices, the SPY is trading 0.1% higher, while the QQQ is 0.5% higher and the NASDAQ is trading 0.2% higher on the session. Among tech bellwethers, AAPL (+2.6%) is again showing notable strength today.

In earnings this morning, LSI (+5.3%) raised its Q1 guidance above consensus. In news last night, PMCS (+2.9%) announced a $275 mln stock repurchase program.

Elsewhere, RVSN (+4.5%) is set to be acquired by Avaya according to reports. Among rumors, we are hearing renewed FIO (+3.6%) takeover chatter making the rounds.

Among notable analyst upgrades this morning, AMT (+1.5%) was upgraded to Overweight at JP Morgan and ALU (+1.7%) was upgraded to Outperform at BMO Capital. Also, NXPI (+3.7%) and ALTR (+2.1%) was added to the Conviction Buy List at Goldman. Among downgrades, Needham downgraded KOPN (-3.6%) to Hold, JNPR (-2.0%) was downgraded to Market Perform at BMO Capital and CCI (-2.7%) was downgraded at Goldman and JP Morgan.

There are no notable names in tech scheduled to report results today after the close.

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From: FUBHO3/15/2012 1:37:24 AM
2 Recommendations   of 66218
 

UMC 2Q12 utilization to reach above 90%
Cage Chao, Taipei; Jackie Chang, DIGITIMES [Thursday 15 March 2012]
Taiwan Semiconductor Manufacturing Company's (TSMC) utilization rate in March is rumored to be around 95%. Industry sources noted that as demand continues to grow in the second quarter, many orders will be transferred to United Microelectronics Corporation (UMC). Industry sources added that UMC's capacity utilization rate in the second quarter is likely to reach above 90%.

Other firms such as Global Unichip and Faraday will also benefit from the increase in demand. The market expects the two firms to show growth in performance in the second quarter.

Due to increasing orders, Industry sources pointed out that some customers have been informed by TSMC that delivery dates will be scheduled for the third quarter.

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To: Donald Wennerstrom who wrote (55718)3/15/2012 11:43:57 AM
From: Donald Wennerstrom
1 Recommendation   of 66218
 
Deutsche Ups Aixtron, Veeco On Higher LED Demand

9:22 (Dow Jones) Aixtron (AIXG) ADS up almost 13% to $18.42 premarket and Veeco (VECO) up 6.4% at $31.91, after the companies see upgrades to buy from Deutsche Bank. Both were previously rated at hold. Firm cites "encouraging" levels of demand for LED lighting that indicate a recovery in the industry.

"In the medium/long term, we expect demand from general lighting to act as the major growth driver, particularly for companies with exposure to China," Deutsche says.

Raises VECO target 60%, to $40 from $25; AIXG target up 40% to $17.


<<VECO now selling up about 11 percent>>

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To: Donald Wennerstrom who wrote (55724)3/15/2012 2:41:00 PM
From: Donald Wennerstrom
5 Recommendations   of 66218
 
Why Our Recession Call Stands

By Lakshman Achuthan and Anirvan Banerji of ECRI
March 15, 2012

businesscycle.com


Many have questioned why, in the face of improving economic data, ECRI has maintained its recession call. The straight answer is that the objective economic indicators we monitor, including those we make public, give us no other choice.

Let’s start with the current state of the economy. A couple of weeks ago, we publicly highlighted ECRI’s U.S. Coincident Index (USCI). It’s important to understand that the USCI isn’t a random concoction of data, but rather the gold standard for measuring current economic growth, as it summarizes the key coincident economic indicators used to determine the official start and end dates of U.S. recessions; namely, the broad measures of output, employment, income and sales. So when USCI growth is in a downturn (bottom line in chart), it’s an authoritative indication that overall U.S. economic growth is actually worsening, not reviving.

In contrast to the 3% GDP growth widely reported for the latest quarter, year-over-year growth in GDP, after peaking at 3½% in Q3/2010, has basically flatlined around 1½% for the last three quarters. Broad sales growth has followed a similar pattern, while the growth rates of personal income and industrial production have dropped to their lowest readings since the spring of 2010.

The exception to this weakening pattern is year-over-year payroll job growth, which continued to improve through January, and was essentially flat in February. However, the empirical record shows that job growth typically turns down after downturns in consumer spending growth, not the other way around. Because consumer spending growth remains in a cyclical downturn, we expect job growth to start flagging in the coming months. But the point remains that the USCI, which summarizes the definitive coincident economic indicators – including jobs – indicates declining growth in the U.S. economy.

How about forward-looking indicators? We find that year-over-year growth in ECRI’s Weekly Leading Index (WLI) remains in a cyclical downturn (top line in chart) and, as of early March, is near its worst reading since July 2009. Close observers of this index might be understandably surprised by this persistent weakness, since the WLI’s smoothed annualized growth rate, which is much better known, has turned decidedly less negative in recent months. The unusual divergence between these two measures of growth underscores a widespread seasonal adjustment problem that economists have known about for some time.



Most data, both public and private, are seasonally adjusted. But the nature of the Great Recession seems to have had an unexpected impact on the statistical seasonal adjustment algorithms that are hard-wired to detect when the seasonal patterns evolve and change over the years. This is normally a good thing, but when the economy fell off a cliff in Q4/2008 and Q1/2009, it was partly interpreted by these procedures as a lasting change in seasonal patterns. So, according to these programs, data from Q4 and Q1 would be expected thereafter to be relatively weak, and therefore automatically adjusted upwards. Our due diligence on this subject indicates a widespread problem, resulting in many recent economic headlines being skewed to the upside.

However, we have no way to objectively measure the extent of these problems – either the upward bias for Q4 and Q1 or the downward bias for Q2 and Q3. Fortunately, year-over-year growth rates are naturally less susceptible to these seasonal issues because they involve comparisons to the same period a year earlier that is likely to be skewed the same way. In contrast, smoothed annualized growth rates, which we have traditionally preferred, presume proper seasonal adjustment. While the extent of the seasonal problem will be debated, monitoring year-over-year growth rates is a matter of simple prudence at this juncture not only for ECRI’s indexes but also for other economic data.

In the chart, please note the one-to-one correspondence between the cyclical swings in the year-over-year growth rates of the WLI and USCI since the Great Recession. Both surged initially, only to roll over, pop up briefly, and then turn down once again. It is notable that the WLI, which is sensitive to the prices of risk assets that have been supported by massive worldwide liquidity injections, has hardly been swayed from its recessionary trajectory. In spite of the efforts of monetary policy makers, actual U.S. economic growth has slowed, while WLI growth has barely budged from a two-and-a-half-year low.

The bigger question is, can unprecedented, concerted global monetary policy action repeal the business cycle? The objective coincident and leading indexes that we have always monitored are still telling us that it cannot.

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To: Donald Wennerstrom who wrote (55725)3/15/2012 5:56:21 PM
From: Donald Wennerstrom
3 Recommendations   of 66218
 
Another OT post, so I apologize of sorts, but it says a lot about how I feel about the economy. How the economy goes is important to our stock prices for the "semis".

<<IBD/TIPP Economic Optimism Index

IBD/TIPP Poll: Gas Turns Americans Dimmer On Economy

03/13/2012 10:00 AM ET - More expensive gasoline and still-high unemployment sent Americans' views on the economy lower in March, after six straight months of gains, according to the IBD/TIPP Economic Optimism Index released Tuesday. The sentiment gauge fell to 47.5 from February's one-year high of 49.4. Readings below 50 signal pessimism. The decline coincides with the average gas price rising above $3.80 a gallon Tuesday from $3.51 a month earlier.


February gas-station spending shot up 3.3%, the biggest jump in nearly a year, the Commerce Department said Tuesday.

But pain at the pump — which intensified late last month — did not sap consumers' will and ability, at least not last month. Total sales rose 1.1%, helped by strong auto sales. Sales excluding autos, gas and building materials rose 0.5% after January's 1% gain.

The major U.S. stock indexes soared to multiyear highs on the stronger retail sales and JPMorgan Chase's ( JPM) dividend and buyback hike. Federal Reserve policymakers, as expected, maintained near-zero rates and didn't hint at new asset purchases.

The gloomier poll data come despite a string of upbeat job reports, with payrolls last month swelling by 227,000 . The jobless rate has fallen to 8.3% from 9.1% in August.

But the latest IBD/TIPP survey found that 23.1% of households have at least one unemployed member seeking work, up from 22.2% last month. That translates to 30 million Americans, said Raghavan Mayur, president of TIPP, the polling unit of TechnoMetrica Market Intelligence.

"There is a basic disconnect between the media and the American public," he said, adding that coverage of the jobs picture has been too positive. "It's like there are two realities in this country."

The number of those unemployed for more than six months was still 5.43 million in February despite recent declines, the Labor Department reported Friday. Payrolls have been below their last peak for 49 months, the longest such stretch since the Great Depression — and likely to continue for years to come.

Meantime, higher gas prices are making already mediocre earnings increases look worse.

Fully 87.2% of those polled by IBD/TIPP believe U.S. gas prices will top $4 over the next three months, including 31.7% who expect over $5.

All three components of the Economic Optimism Index worsened. Americans' six-month outlook swung to a pessimistic 48.8 from a slightly upbeat 50.2 in February. The personal financial outlook gauge grew less bright, and confidence in federal economic policies turned more negative.>>



<<And now, a more personal note. Today, around noon when I went to pick up my mail down at the corner, I went by my neighbor and family who had been living in their house for about 4 years. They had a big moving van in front of the house and were moving out. It turns out they were being foreclosed upon so they had to move.

And on a more general note, Wall Street and the Banks are doing just fine, thank you, with all the money being thrown at them by the Fed, but in our macro area on Main Street nothing has changed, If anything, recession is still in progress. The "trickle down" effect from Wall Street has not begun to trickle down to Main Street yet.

On the other hand, I may live in/on Main Street, but I invest in Wall Street products, namely the semi area. After their recovery from the 2008/2009 bottom, business has been quite good, and earnings have settled down into a nice steady stream from quarter to quarter. Not only the U.S. but the world lives and breathes electronics. It has made companies very efficient and very manageable for great profits. The "fabs" keep their factories nearly full all the time(over 90 percent) and if demand goes down slightly they just fire workers and keep their profits coming.

Nobody wants to be without the latest Ipad. It is a "must have". I know lots of people on food stamps, but they have an Ipad. I know a couple with 2 children, 9 and 11, who are about to be foreclosed on after he has been out of construction work for 2 years, but they bought each of their children a laptop computer for school this year. This type of desire and thinking has made Apple the most valuable company in the world. The company now has a dollar value that is higher than all the money tucked away in the Fed's back pocket. Apple is doing just fine thank you, and the people investing in the company are making money "hand over fist". They have a lot of money to spend - Apple hit a new high of over 600 today.

However, now back to the "bolded" part of the news article above. 30 Million people are looking for work and as the guy says, "It's like there are two realities in this country". The market is hitting new highs and people are hitting new lows. Anyone see a divergence here?<NG>>>

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