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no September weakness

Bulls are Running but for How Long?

The bulls are running on Wall Street but the breadth of the market in the move since November 4 has been weak. Friday was a great example. The DJIA was up 142 points with advancing and declining stocks dead even on the day…1496 up, 1529 down.

So this fifth wave up from March 2009 began in February and is now 10 months old.  In March 2017 this market will be a Fibonacci 8 years old.  We are at the top of this country’s greatest bull market.

This final cycle wave V started in 1982 with a huge upside explosion.  As of Friday’s close the DJIA is up 18,979.93 points or 2,543% from the August 12, 1982 close of 776.92. Continue reading

semiconductor stocks

Semiconductor Stocks getting hit, but so are lots of Tech Stocks

This week the semiconductor stocks got hit very hard on Thursday. The supposed catalyst was indications that Apple was cutting back on iPhone 7 production.  But many tech stocks are also getting hit.

Some say it is a rotation into sectors like finance, infrastructure and energy. But some of this is also related to global commerce and sourcing. Fears of a trade war with China are not helping stocks like Apple. Continue reading

10 Curious Things About China

10 Curious Things About ChinaMuch has been made about China’s makeover during the last 25 years.  What has occurred  there is fascinating. Here are 10 curious things:

  1. China is now the No. 2 economy in the world based on GDP.
  2. More people live in China than in any other country on the planet.  The world population is 7.3 billion according to the U.S. Census Bureau and China has 19% of it at 1.373 billion.
  3. 688 million. That is the estimate for the number of internet users in China at the end of 2015 according to data from the China Internet Network Center. Let’s see, that’s about 50% of their population and more than twice the total number of people in the United States.
  4. The 3 Gorges Dam on the Yangtze River is the world’s largest power station in terms of installed capacity at 22,500 MW.
  5. China launched it first moon space mission on Dec. 2, 2013 and China’s Yutu rover is currently exploring the moon’s surface.

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