According to the Semiconductor Industry Association, worldwide chip sales increased by 8.1%, reaching 19.7 billion. The overall market growth rate continues to run slightly ahead of the SIA forecast issues last November-- which projected growth of 7.9% (for all of 2006). The SIA will provide an update to its outlook for the chip market in 2006 on June 7.
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Ruthless trader
- Thread starter Jack Haddad MD
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Quote from Jack Haddad, MD:
According to James Welsh, The Financial Commentator, in the nest 2 years, 25% of all mortgages will be increased with some as much as 50%! I'm beginning to see that here in the Silicon Valley, Santa Clara County. 15,670 default notices were issued in the past 3 months to homeowners-- very freightning. Also, the default rate in Santa Cruz, CA has risen to a scandelous 62.8% from the same period last year, according to county records.
Comments? Opinions?
I'm surprised the newspapers and TV aren't all over these stats.
The numbers for the month of May came in at 75,000 compared to the expected 175,000, the weakest gain since hurricane-depressed October. However, the unemployment rate slipped to a five-year low of 4.6 percent, the Labor Department said on Friday.
The hourly is very weak due to the general market sell-off. A short opportunity will present itself today for a scalp trade.
TSO is on fire this morning...If oil remains strong for the upcoming week, the stock would challenge the 73.20 resistance.
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