We're at a funny point in the cycle. The companies have reported that they're seeing some growth for the next quarter, but it's not robust growth, and the valuations on a historic basis are still pretty full. What's driving these stocks is sentiment -- people are afraid that if they miss them now they'll miss a big run-up. Ray Rund
Motivational, Inspirational, Funny Quotes
![[Semiconductors] are an area that people saw as the premier growth area in the past. Anytime there's good news, people assume this is going to resume its growth and they rush back in. There's no fundamental pattern that would explain why they're up so much today. - Ray Rund Quotes](/pic/img/img.php?text=W1NlbWljb25kdWN0b3JzXSBhcmUgYW4gYXJlYSB0aGF0IHBlb3BsZSBzYXcgYXMgdGhlIHByZW1pZXIgZ3Jvd3RoIGFyZWEgaW4gdGhlIHBhc3QuIEFueXRpbWUgdGhlcmUncyBnb29kIG5ld3MsIHBlb3BsZSBhc3N1bWUgdGhpcyBpcyBnb2luZyB0byByZXN1bWUgaXRzIGdyb3d0aCBhbmQgdGhleSBydXNoIGJhY2sgaW4uIFRoZXJlJ3Mgbm8gZnVuZGFtZW50YWwgcGF0dGVybiB0aGF0IHdvdWxkIGV4cGxhaW4gd2h5IHRoZXkncmUgdXAgc28gbXVjaCB0b2RheS4g&author=ICBSYXkgUnVuZCAgICA=&num=8 "[Semiconductors] are an area that people saw as the premier growth area in the past. Anytime there's good news, people assume this is going to resume its growth and they rush back in. There's no fundamental pattern that would explain why they're up so much today. - Ray Rund Quotes")
![[Dell is] still a company that can grow, ... They have the cash. They can buy back shares. - Ray Rund Quotes](/pic/img/img.php?text=W0RlbGwgaXNdIHN0aWxsIGEgY29tcGFueSB0aGF0IGNhbiBncm93LCAuLi4gVGhleSBoYXZlIHRoZSBjYXNoLiBUaGV5IGNhbiBidXkgYmFjayBzaGFyZXMuIA==&author=ICBSYXkgUnVuZCAgICA=&num=5 "[Dell is] still a company that can grow, ... They have the cash. They can buy back shares. - Ray Rund Quotes")
