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SOXX semi index is getting killed. I believe down roughly 15% from its recent highs. Semis always seem to be taken down first whenever there are rumours of a "slowdown" in the general marketplace.
I was watching the SOXX on Friday and it was tied together all day. There is a traditional boom and bust cycle in semiconductors. As Intel converts to 450mm wafers @ 22nm + 3D their COSTS will pumit and their die capacity is multiplied by 3x to 5x.http://finance.yahoo.com/q/bc?t=1d&s=INTC&l=on&z=l&q=l&c=soxx