Monday, August 31, 2009

This is an economic recovery?

DELL and INTEL just raised guidance last week......

the NASDAQ did not move higher, which is a tell, one would think.

plus when you look at how they beat #'s......

31% of Dell sales growth was from government and we must remember that Dell buys Intel chips; now Intel raises guidance. Government spending is almost 50% of GDP now; china is only 35%. Few are discussing why these companies are making revenue expectations and whether they’ll indeed prove sustainable.” jeff cooper

so the govt is spending more money than expected. that isnt exactly what one would call an economic rebound is it? that is just foolish spending. ive seen this movie before, and it ends bad!

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