They will be, but you also had a lot of devastation in Japan and the US with flooding, tornados, gas prices that got to 4.25 in my area etc that certainly hampered things...IF you're business is 8 feet under water or leveled from a Tornado, people will be hitting the unemployment line, not being hired. Gas has fallen from 4.25 to 3.65 in my area...much more money back in people's pockets making them feel good to spend money again. What happens to construction jobs in all above scenarios when the clean up process and rebuild process really gets going...construction jobs increase, retailers have to hire like Home Depot, Lowes, Concrete places, wood places to meet demand, then the product makers have to hire etc. One blip does not make a new trend. Now if we go backwards June and July as well that's a different story altogether.
I guess I fully expected a pretty bad number so it doesn't surprise me too much...now for some stimulus money into AE. A lot of things are on the mend from the blip in May imo.
That welcome downtrend in gas prices got pretty sharply reversed in my area (near Chicago)
Due to drought affecting hyrdo-electric generation and low coal supplies, China is facing significant electricity shortages this summer. Companies are responding by using diesel generators and increasing oil imports to China. I'm guessing to Japan is as well given their electricity issues.
Even though US production from shale looks very positive, and Cushing, OK supplies have been called a glut, the worldwide market is mitigating these seemingly good circumstances.
Yes, I have been reading about the China electric shortages. It is a good thing that EMKR will have a large CPV plant opening in China with a multi-bill JV partner sometime Sept and Oct of this year. The plant will be in 3 phases going to 1000MW. Oh, EMKR is in the optical business to; they are getting ready to go way north from $2.40ish.
ZBB's zess500 would be a great combo out in the China deserts were CPV is the best tech for that environment. ZBB is so cheap it is laughable bought more now I have trading shares:)While your at it buy AXTI because the supply raw material and substrates for CPV and smartphones.
buy the triple play during the dog days of summer!! Pay out in 2012.