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The Cycles of Semiconductor Stocks
The semiconductors are as cyclical as anything, if not more so. It's always striking to me to see people extrapolate a few good years in the semis just out of definitely in the future and could entirely forget that these things are cyclical. And they should be cheap at the top and expensive at the bottom. So I'm pretty sure that it isn't this time because I'm seeing all the stores build up dramatically here.