SOX channel:
Bounced at about 200, 3 times now: yesterday, late December, and October. Soft floor forming. I'll start selling, when/if we hit new ST highs (above 236).
Intel's Net Plunges as Demand Dries Up online.wsj.com
Sony Ericsson Swings to Loss Amid Weaker Sales online.wsj.com
Retailer Circuit City to Liquidate: Consumer-Electronics Pioneer Closing; 34,000 Workers Will Lose Jobs
online.wsj.com
(First, inventories will stop increasing, for the semi-equip customers. Then, in this order: margins trough, AMAT buys a niche semi-equip, lay-offs crest, a major player exits the memory business, sales trough and begin rising, SOX doubles off its lows, profits trough, visibility returns, SOX a triple, analysts upgrade, Gartner forecasts increase in semi-equip orders)
Consumer prices rose just 0.1% compared to December 2007, the lowest calendar-year increase since 1954 online.wsj.com
(negative YOY numbers begin next month...)
Retail and food-services sales fell in December for the sixth month in a row, sliding a seasonally adjusted 2.7% from November to $343.2 billion, the Commerce Department said Wednesday. Sales were down nearly 10% from December 2007, the biggest yearly drop since records began in 1968. online.wsj.com
(so far, the worst month-on-month decline in retail sales was October 2008, at -3.4%)
disclosure: doubled up on KLIC at 1.52 today. Set (over-optimistic?) limit order to sell all at 2.99. |
