Fundamentals in the short run don't matter but Red wasn't implying they did. Technicals do however, and the technicals look bad. Looking for a VIX gap fill at 15.54 and hope that it happens today.
The entire situation is appalling. The numbers are not fake it is how they are interpreted. Upon reading the earnings release you can see that
Data Center Group revenue down 8 percent. Other Intel Architecture group revenue down 9 percent. Intel® Atom™ microprocessor and chipset revenue of $355 million was down 19 percent PC Client Group revenue was flat
But what the street does is pounce on year over year comps. And of course they look great.
Talk to anyone in the tech business and you will find out quickly that the numbers are real.
Question is who or where is driving the demand.
Answer? Its Asia 5 to 1. At least Intel actually publishes those numbers.
Not to mention the falling dollar over this time period.
Oh well.
I am starting to believe that this won't end until the retail investor is sucked in; en mass.
Red, why have you been so intent on fighting this trend? You are using too much logic with your political analysis. “The market can remain irrational longer than you can remain solvent”.
Fundamentals in the short run don't matter but Red wasn't implying they did. Technicals do however, and the technicals look bad. Looking for a VIX gap fill at 15.54 and hope that it happens today.
The entire situation is appalling. The numbers are not fake it is how they are interpreted. Upon reading the earnings release you can see that
Data Center Group revenue down 8 percent.
Other Intel Architecture group revenue down 9 percent.
Intel® Atom™ microprocessor and chipset revenue of $355 million was down 19 percent
PC Client Group revenue was flat
But what the street does is pounce on year over year comps. And of course they look great.
Talk to anyone in the tech business and you will find out quickly that the numbers are real.
Question is who or where is driving the demand.
Answer? Its Asia 5 to 1. At least Intel actually publishes those numbers.
Not to mention the falling dollar over this time period.
Oh well.
I am starting to believe that this won't end until the retail investor is sucked in; en mass.
Nevermind, we both got outsmarted!
Jay – thanks for this.
Red, why have you been so intent on fighting this trend? You are using too much logic with your political analysis. “The market can remain irrational longer than you can remain solvent”.
Nevermind, we both got outsmarted!
Jay – thanks for this.
Red, I seem to be the only one I know that has taken the Red pill. I wish I had taken the blue one like all my friends and family!
2x long ETF for drains
Holdings % of Portfolio
Corn 24.55
Wheat 25.71
Soybeans 24.84
Sugar #11 24.9
________________________________
They must have beat estimates too, as someone has too deliver all those chips Intel sold to beat earnings?