The naz is up 50% in a year, and over 10% in Feb. I've said for awhile that earnings don't matter anymore, as most companies earnings have been going down on a year to year comparison, but none of that seems to matter. As long as companies keep beating lowered #'s everything is fine. There is always the spin !!! I just can't buy stocks at these levels. Trade in and out , yes, but invest, no. You get crushed if you short, and going long is as risky as ever, but it sure looks like its going higher. I just wish klic would get aboard.
I haven't traded smh in awhile, but its at 52 weeks high also, before today that is. Its one I would hold longer than most trades, but since I'm more short term now, I haven't messed with it. With intc struggling and being a big portion of smh, or used to be, I wouldn't think smh would be doing this good, but I guess everything is in this robust economy that the talking heads tell us about