Friday, July 21, 2006

Are We Setting Up For A Temporary Bottom In Tech?

This is against my better judgement to post but the technology carnage setting up today is atrocious. I'm sure the bulls would like to try to rally the market before October. This is the kind of SHORT term carnage in tech in which people could be dumping to get out at any cost. An exhaustive push down? Could this be the day where we see a temporary wash out? I don't have any confirmation yet but the air is thick with an exhaustive dump in Dell, Broadcom, AMD, etc. If we aren't near a bottom, we are likely setting up for one absolutely terrible economic future because energy and some of the other leaders are only starting to correct.
posted by TimingLogic at 9:34 AM