Well, today is another example of why I am not a trader. I would have assumed that with an Employment Cost Index 50% higher than the already anticipated high number, and a pretty darn strong GDP number, the markets would open very weak, already spooked retail investors would move out all during the morning as stops kicked in and the institutional guys would keep their powder dry. Also, Greg Smith at Prudential, a fairly influential guy, took 5% out of stocks, although he remains pretty bullish. So, I thought by now we would see the Naz down, oh, 250, and RMBS down about 45.
Of course, I am wrong again. As my wife reminds me daily, I don't have a clue.
The Intel conference today has to be more good news for Rambus. I love the dueling microprocessors....this will provide entertainment and media coverage throughout the Summer and Fall. |
