Agree with that Chris, not to mention margins and profits getting squeezed. Those that have capital when the real bottom comes will do well, IMO.
Some companies and the media are still cheerleading that the bottom is in, funny as heck, they have been saying that for almost a year, since last fall. A bunch of cheerleaders were on CNBC last evening, talking up the semis, so much bullishness, we must be at another short term top, that's what I'm seeing anyway.
The put/call dropped to .47, VIX dropped, volume is horrible, we might start selling again Mon./Tues., IMO.
Lot's of nice looking bops out there if we're going down. |
