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S&P 500
5,554.13
(
1.07%
)
US TECH 100
18,785.20
(
0.22%
)
Dow Jones
40,861.71
(
0.00%
)
Brent Oil
71.20
(
0.96%
)
Bitcoin
58,151.39
(
1.40%
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punkle

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punkle

Re: Zeev Hed post# 152241

Wednesday, 09/17/2003 7:51:01 PM

Wednesday, September 17, 2003 7:51:01 PM

Post# of 704019
I seem to remember this report always has a delayed reaction in the markets. Last month the July preliminary number of .97 was viewed positively and the semi's rallied into the number and after the number but it took a day to spike up hard.

Now that July has been revised down significantly, especially in bookings and August is far less than expected with all the chatter about getting a book-to-bill over 1.00, this news is no doubt disappointing.

I may short some SMH or 3 amigos tomorrow. This could be the catalyst for the pullback you have been expecting.
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