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Technology Stocks : Semi Equipment Analysis
SOXX 309.36+2.2%Dec 3 4:00 PM EST

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To: Jacob Snyder who wrote (42401)1/2/2009 5:35:32 PM
From: Jacob Snyder1 Recommendation  Read Replies (1) of 95521
 
VIX still falling, SOX and SPX above their 50dma. All nice ST bullish indicators.

But...
The decline in U.S. manufacturing deepened in December as demand for such products as cars, appliances and furniture reached the lowest level since at least 1948, signaling further cutbacks in factory jobs and production this year. The Institute for Supply Management’s factory index fell to 32.4, below economists’ forecasts and the lowest level since 1980, from 36.2 the prior month. Readings less than 50 signal contraction. The group’s new-orders measure reached the lowest level on record and prices slid the most since 1949. bloomberg.com

Stocks lost 42 percent of their value in 2008, as calculated by the MSCI world index, erasing more than $29 trillion in value and all of the gains made since 2003. nytimes.com

Berkshire Hathaway Inc. slumped 32 percent last year, the worst performance in more than three decades... The company still beat the 38 percent tumble of the Standard & Poor’s 500 Index bloomberg.com
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