Short Trader 67

The Sad Semi Stocks: J.P. Morgan Sees a Bottom

This is the third time in the last few days I have heard the logic of "things will pick up in the 4th quarter, and the stock market is always ahead of the game, so lets jump in 2nd Quarter." And what was the Dow doing on Oct 9, 2007, three months before we fell into recession? Hit an all time high. I am not convinced about the "all seeing power of the Stock Markets", especially now.