Amazing how earnings don't follow stock performance. But as long as someone is willing to pay any price for a stock, what do earnings have to do with it anyways ? Ride the momentum but don't be the last one out !!
Home sales decline as interest rates rise.
Anticipation end of Fed raising rates gives
stocks a boost.
Oil prices give consumers more purchasing power.
Electronic gadgets are relatively inexpensive
gifts. Sales robust.
Fab utilization above 90%, particularly for
leading edge geometries.
I can't figure out why Semis/Lam are going up!
You never know Mario......how many people would have bet on this stock going from $27 to $38 in a short period. Everyone underestimates what a high BETA can do to a stock price.
I thought the climb was done at $35 but I have been pleasantly surprised by Lam in the past.
Added this morning and covered it all for a small gain. Starting to play my dia short again. Still think there is more short term upside, but not much, as it sells off to Christmas. They have probally suckered in as many funds as possible at this pt. I think we will be back to 10k before spring
Not this bear. Market is still way over bought and this is a very small move down and nothing to get excited about. I have posted my position and why I believe the market is headed south.
Housing picture is starting to show cracks:
U.S. OCT. EXISTING HOME SALES FALL 2.7% TO 7.09 MILLION
In the article the NAR stated we have passed the peak and houses for sales are huge and we have now transitioned to a buyers market. Does not bode well for the economy.
Retail sales is a mixed bag and depends on whom you want to believe. Traffic up, sales down. We'll know more on Thur.
This market does not want to go down and watch it shrug off the home sales and tepid retail sales. Eight days up?!?!? No fear.