What I find interesting with the $SOX is that the $SOX/$NDX ratio is in the process of confirming a higher high around the 50 SMA after gliding down or the past 2 years: http://stockcharts.com/h-sc/ui?s=$sox:qqqq
http://www.bloomberg.com/apps/news?pid=20601213&sid=aJSz5RahZU2I&refer=home He may have been right on buy the dip last yearalong with all the other bulls but I remember his terrible calls before he had his hedge fund. Anyone think this guy has any credibility? (How the hell did he get to manage $1.5 billion, I thought the guy was a joke!)
I like Biggs a lot. Like other value players he has had his good and bad calls. He seems a little nervous in this video http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vlD.9oFxWj9I.asf