The Big 3: Semiconductor Spike, Predicted Slowdown, and Genius Advertising

1. You guys have heard me talk about how semiconductor inventories are up and how when they’re moving up that’s not a time you want to own the stocks. You can see the spike in this chart here from The Telecom Connection Newsletter--

Don’t fight it – stay away from the semi’s.

2. Real headline today: Nobel Laureates Scholes, Stiglitz Predict Slowdown; Goldman Sees Recession. You been to the grocery store, the gas station or Wall Street itself lately? Did you look at that chart of spiking tech inventories I just showed? You realize when things are finally better and stocks are far off their bottoms, these same Nobel Laureates will be quoted telling you that they think things are finally going to be okay?

3. So I get this little Madden Foldout of my Rolling Stone magazine this morning. I can’t decide if it’s sheer genius or exactly what’s wrong with our country that they can figure out how to advertise the NFL, ERTS, Sprint, NBC, NFL.com, NFL Network, Coors Light, GMC, Madden 09, Pepsi, the NFL Players’ Association, Keith Urban and Gibson Les Paul all on one page!