We had a big scare, but it’s over now and you’ll just need to live with this new paradigm. The wonderful crash days of a fortnight ago are long over and the semis, since then, have risen, in excess of 10%. We are now FLAT for August, as if nothing ever happened.
Let this be a lesson to you absolute morons: plumbing issues in the market that are not related to core fundamentals almost always resolve themselves. HOWEVER, this doesn’t mean semis are ‘cheap’, quite the contrary. We might soon run into a buzzsaw and drawdown after a nice run up.
Let me be clear: the bull is back, naturally, but in the event that it isn’t BE ON GUARD to short this fucker to zero. I hope you can appreciate my humble nature, giving thanks to the Gods and owing my fealty to the market winds that is never rooted in the hubris of my own grandiosity.
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