Tuesday, July 12, 2011

Deja Vu All Over Again - Novellus Outlook Cautious As Sales Take A Dive

Semiconductors are taking the exact same path they did before the 2008 collapse.   This is like a bad dream or deja vu.  And why wouldn’t it be?  We bailed out a ridiculously incompetent financial system so the behavior is going to be exactly the same as before.  That is, everyone went running into semiconductors as financials started to weaken before the crisis back in 2008.   Loud mouths like Jim Cramer howl that technology is back and to buy buy buy, we write that technology isn’t back and that it is simply people rotating out of risk into reasonably valued assets coupled with speculators like Cramer ramming the stocks and then leading semiconductor companies start reporting poor to miserable results.   Cramer makes points that commodities-related companies are reporting great numbers and makes constructive comments about gold.  lol.  Umm yeah. 

posted by TimingLogic at 9:38 AM