Bookings are rising slowly, very slowly, and if prices are chopped up enough, then profits will drop, it's that simple for me, that's why you see some stuff like INTC hit new lows, IMO. That, and because their P/E's are so high, the profit growth ain't there.
So can they sell more units and make less money?? Yeppo, it's happening, IMO.
The SOX hit new lows too.
The other thing is, the market is a discounting mechanism, and it doesn't like what it sees looking forward, IMO. The market is smart, it's a great leading indicator of the economy.
So, you decide, is business really improving if profits are dropping?? |
