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No Such Luck


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Now I Understand why the sox has had such a run , DUH! "Although almost dismissed as immaterial these days, the semi equipment book-to-bill ratio continues to tell its tale of tech corporate capital spending woe. Although down 1% in May over April, semi equipment bookings are down 35% year over year in the chart of the quarterly moving average shown below." THe quote is from contrary investors.

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Even my little weenie of a brain can figure out that this is pegged to 1K today, ratcheting a strike either way on the indexes and major stocks. Lottsa volume already, means nothing today.

 

Good day for golf. Better yet, golf with a bull. Have him tee off from the real LONG tee boxes. Tell him his score will be better that way.

 

These bulls are so easily led.

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