Baird,
I feel, as I think you do, that the semi sector has been sold-out and we may be near a bottom. The SOXX relative performance to the market is encouraging today. However, this whole election fiasco is a wild card, that looks to be ruining it for everyone. I don't doubt for a minute that both parties will fight it out, damn the market and the people, and we could have a constitutional crisis, thus crashing the market. Never underestimate the Politician's ability to be selfish and greedy. I am still dealing with the implications, but as a Political Science major (thus somewhat informed), I am very concerned. America's credibility could be forever tarnished, and we can say good-bye to all the foreign capital.
Florida is looking like a total joke here as well, evidently miscounts are to be expected in any election, but collapses the system once a vote is actually close.
I better stop before I get too angry, but once again it has been proven that America is of the few, by the few and for the few.
I guess that is why I am a Libertarian.
Regards,
Tom |
