Semi? Comment on SSEC?
#1
Posted 20 June 2007 - 06:15 AM
Mark S Young
Wall Street Sentiment
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#2
Posted 20 June 2007 - 06:53 AM
Edited by redfoliage2, 20 June 2007 - 07:00 AM.
#3
Posted 20 June 2007 - 07:29 AM
Mark S Young
Wall Street Sentiment
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#4
Posted 20 June 2007 - 08:22 AM
Productivity = Amount of Products / wagesLet me poke a hole in your economic logic. Higher labor expense does not HAVE to equate to inflation. It often, in fact, equates to greater productivity.
That means that it's possible to get even more stuff from each worker, who will benefit with properly proportionate wage increases. I would posit that it's not worker's wages that are causing inflation, but excess liquidity and a lack of financial sophistication.
Mark
Edited by redfoliage2, 20 June 2007 - 08:24 AM.
#5
Posted 20 June 2007 - 08:44 AM
Productivity = Amount of Products / wagesLet me poke a hole in your economic logic. Higher labor expense does not HAVE to equate to inflation. It often, in fact, equates to greater productivity.
That means that it's possible to get even more stuff from each worker, who will benefit with properly proportionate wage increases. I would posit that it's not worker's wages that are causing inflation, but excess liquidity and a lack of financial sophistication.
Mark
Productivity = Value of Product divided by hours worked
#6
Posted 20 June 2007 - 09:39 AM
However, that is not my focus at this time. I'm still looking at the Nasdaq in this price range. You may remember a year ago when stocks like AMD, BRCM, MRVL approached what I referred to as a "slippery" zone. In other words, where price had been gapped over in the past and the stocks had never built a base in a price range... well so it is here with Nasdaq. Look at the 2 charts below from 1999 and 2001 in this price range we are in now. Nearly every candle you see around this 2630-50 is an LROD. We are going to have a 100-200 pt move here. The gauntlet was thrown to the upside on the closes over the all important 2618 from 1/3/01. If you look at 1/4/01, the primary rejection occured at 2644.80. We gave up almost all the 380 pt move from the 2251 low of 1/3/01 in the next two sessions. Now look at these two charts and see what can happen here. Being a bear or bull puts you on the endangered species list. Keep an open mind here and by all means have a stop. We're going to have a bumpy ride...
2001-
1999 -
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
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#7
Posted 20 June 2007 - 12:27 PM
Edited by redfoliage2, 20 June 2007 - 12:34 PM.