SOX seems happy that the orders were only down rather than crashing. Intel Capx announcement for 2015 was for lower capx but only by half a billion... plenty of money to be made as our stocks could work to a market multiple. LRCX sure is happy.
Also, China announcement is great news for the 7%ers who own significant stock assets.
China surprises with interest rate cut to spur growth
BY KOH GUI QING AND JASON SUBLER
BEIJING Fri Nov 21, 2014 7:22am EST
(Reuters) - China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century. The cut, the first in over two years, came as factory growth has stalled and the property market, long a pillar of growth, has remained weak, dragging on broader activity and curbing demand for everything from furniture to cement and steel. "It's comes right after China's disappointing PMI figures showing that manufacturing activity is getting dangerously close to contraction," said Alexandre Baradez, chief market analyst at IG in Paris, referring to a private factory survey this week which added to worries about slowing global growth. "China's central bank is now following the path of the Fed, the ECB and the BoJ. Central banks are really driving markets," he said.
|
