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Taking Stock: Chipmaking stocks tanked along with the market for the second consecutive week

 VLSIresearch
  26th-Jan-2010
Description: Concerns about Obama's plans to rein on big banks and on fears that a possible interest rate hike in China will hamper the economic recovery caused the market to tank again this week. Moreover, the delay in the Senate vote to reconfirm Bernanke as Fed chairmen added to the unease of investors, driving the selloff deeper. The correction is occurring in the midst a good earnings season, where the majority of companies have been beating analysts’ estimates.
Views: 1509
Domain: Electronics
Category: Business
Contents:
Taking Stock: Chipmaking stocks tanked along with the market for the second
consecutive week on concerns about Obama's plans to rein on big banks and on fears that a possible interest rate hike in China will hamper the economic recovery. Moreover, the delay in the Senate vote to reconfirm Bernanke as Fed chairmen added to the unease of investors, driving the selloff deeper. The correction is occu ... See more

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