by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Who knows what to make of a day like this one? The market jumped back and forth over the flat line countless times, then staged one of those crazy end of the day runs that have become so much a part of the current market pattern. The Nasdaq Composite finished at the high for the day, up 97.49, or 6.5 percent, to 1596.70. The Dow finished up 552 points, or 6.7 percent, to 8835, or 900 points above the low for the day, after briefly dropping below the 8000 level.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
In a welcome instance of positivity, Glen Yeung of Citigroup advised this morning that now is the right time to invest in the chip and semiconductor sectors, asserting that now is the right time for it to jump in for the next upturn. He specifically called out Integrated Device Technology, Nvidia and STMicro as investment targets.
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