I'm reminded of Jack Nicholson's word to Tom Cruise...."You want the truth son? You can't handle the truth". Then the gist of what followed as a Marine was "the truth is.....we save lives".
Well I can just picture the brokers staring the markets in the face and saying....."You want the truth boys? You can't handle the truth. The truth is....We tell lies"!
Headline that I referred to yesterday....
Upgrades: J.P Morgan upgrades Semiconductor stocks to Bullish from Cautious
After hearing all the contradictory stuff from semi land for weeks and weeks that was the perfect prescription for a bear-crushing rally. Then this hit the wires....
12:22 MU Micron doesn't have a bullish outlook for NAND for this year; doesn't see any new demand drivers for flash this year - Bloomberg (12.94 +0.2) -Update-
Ooops....what was that? Must have been the truth. I guess the market couldn't handle the truth.
Edited by Iblayz, 10 February 2007 - 11:52 AM.