One day “they” say that the PC business is going gangbusters. Earnings are announced and drooled over. The ancillary businesses are doing well too and the PC complex proceeds to rally 10-30%.
Then, literally, in two weeks, the entire complex is downgraded and the PC business is in “dire straights”. Nobody will be buying PC’s, hard drives, video cards, keyboards, etc. because the only product selling is the iPad.
Do you believe these imbiciles? These are the sames folks that tell you not to buy high-yielding defensive stocks because there is “no growth”.
The structure of our economy is changing. The structure of the stock market is changing. We need to change the structure of the people who talk to investors. They need to be swept out like the over-the-hill Senior Congressman who have taken a few too many “travel junkets”.
Change is everywhere whether we like it or not. Let’s make sure change occurs where it is needed most.
BTW–don’t expect much from the FED. They will tell you lies with a straight face…
(Hat tip to Agnew and Safire)
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This is probably just the prerequisite for a major tech rally.
permabull fool
perma bull,perma bear, doesnt mean a thing. the character of this market changed in the fall of 07.”IF” everyone is just finally figuring it out only now,tsk,tsk, tsk. and yes financial advisors are still singing the same chorus to their clients. but that said ,more and more people are venturing into running their own money,whether they know how to or not. thanks scott for your work.
KLIC getting better by the day. Would you add or cut?
Obviously KLIC is going to zero. I’ll sell there.
No, really now. The stock broke key support yesterday at our long stading 6.50 buy zone. It moves 7% a day when it moves. It seems like it want’s to get back to the level where it was losing money–below 5.
Sure, I could have taken profits but I never owned more than a half position. I will take the opportunity to complete at the right price.
If I were a trader that just bought for a pop, I would stop–with the caveat that semi investors are some of the most stupid and dangerously volatile in the land. They should be shot with a bolt to the head, like cattle….
Scott – looks like you’ll get your 1080 something.
LOL, Scott. Man, you are one violent person.
I will scale in from these levels.