Jan 20, 2005


It's not exactly the end of the world out there. Action that stands out to me is that KLAC and AMAT are up on the day while CME has broken the 200 level and will come into an uptrend from Sept around 93. Oh yeah, and the home builders are down in spite of bond yields remaining low. They of course have had quite a run so it is probably just noise and a touch of risk reversal.

Other than the net stocks the carnage seems very well localized in the stocks that missed (QCOM, COF, EBAY, SNE, C...).

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