Big day tomorrow: Squawk Box, CNBC, Wednesday 9:15am
Subject will be semiconductors, the markets, and the economy.
Looking forward to meeting the crew.
There is an embarassingly nice profile in the "Quite Contrary" column of yours truly today.
My favorite line of the interview (unfortunately) got cut:
"If this is a short term call, its rather late, as the SMHs have already fallen more than a third from their highs, giving back half of their gains. If its a long term call — is this semi-condictor cycle over already? — it seems to be rather early."
That’s from memory; It was prolly wordier than that (and hence exised).
In response to those of you without WSJ access, here’s a PDF
Quite Contrary: Placing a Wager On the Chip Sector
Maxim Strategist Ritholtz Sees Tax-Incentives Sunset Picking Up Semiconductors
By Erin Schulte
Wall Street Journal, August?3,?2004;?Page?C3
Interesting observations from the WSJ this weekend:
“The market has a problem with the possibility of a Democrat winning, but doesn’t seem to have a problem with the reality of a Democratic president,” says Tom Gallagher, an analyst at economic-research firm International Strategy & Investment in Washington, D.C. Mr. Gallagher also notes that the market tends to do better under Democratic presidents than under Republicans.”
The article (see link below) is chock full of other counter-intuitive observations. Consider, for rexample . . .