CRUS has been brutally beaten ever since AAPL started to fall. I bought in yesterday because CRUS had been so severely punished on no news that I knew it had to bounce. It did exactly that, and I hate to say it but I'm going to sell half my position (only one day after buying it) because I do believe there is still some downside to be had. How much, I have no idea. But this 6% bounce is just that...a bounce.
Obviously we disagree. That at some point the bounce will be big like to 45 or 60 or 80. The fundaments more than justify this. Tomorrow I am guessing a little bit of correction as I think the job numbers will be bad maybe very bad.
I think people have becomes to conditioned to doom and gloom all over the place... no matter how much good news comes everyone is waiting for the next disaster.
Why should we expect very bad jobs numbers? it doesnt make any sense. Could they slow a bit? sure... but very bad jobs numbers based on what? All economic indicators suggest the US recovery is sustainable and gaining steam.
Its going to take Europe coming completely off the rails or a war to change this freight train.
With that said the market may correct 10 or 20 percent or not at all... but the economy is just fine.