I don't know about INTC, but the semi-eq stocks seem to be going thru the later stages of a Greater Fool blowoff. NVLS now at 140 times any reasonable earnings projection...
IT was interesting watching AMAT and NVLS churn all morning, and only in the afternoon hours did they finally make a run. AMAT waited until the last 15 minutes or so. Will be interesting to see how much they pop tomorrow AM..
How about that SIRI? Amazing how this market went from total gloom and doom/disaster around every corner, and now we are taking SIRI up to nosebleed levels with wreckless buying.. Go figure. Theres never a dull moment in this game, no?
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