Everyone is all bought out keith, hardly anyone is buying PC's and chips. And, the price wars will squeeze those margins and lower profits.
I'll bet the semi book to bill drops again in the coming months.
Can you spell global recession?? Japan, Argentina, etc..
One good thing is, it's keeping a lid on oil prices.
The real bottom is coming, IMO.
Those bullish talking heads out there will all go down in the same history book, IMO, they've been pumping the market since the end of Jan., LOL.
What's going to happen when those Sept. through the beginning of Oct. warnings hit?? We might bottom then, maybe years end on tax loss selling.
I'm not investing in anything yet. Not with layoffs, insiders dumping, and lack of buybacks.
But, I don't care, we get oversold, I buy, we get overbought, I short, just trading. |
