Savvy Trades and Investments

[cliffvb]

Chip stocks are back to being market leaders as we start a new year.

MU, up 4.7%. When I checked the dxi index on dramexchange.com. it shows this basket of spot Dram prices up a whopping 9% in one day! This index has shown some odd variations on the first of the month before but I've never seen such a huge move before. I'm not sure why, it could be that some Dram spot prices are only updated monthly and this causes some abrupt changes in the index on the first of the month. At any rate, Dram chip prices (most of MU's revs and profits) remain strong.