The Verizon strike goes on forever and the impact begins to be felt by the red-hot telecom equipment stocks. A semiconductor company blows up. They report all of the time. We just got some bounce in the group. It could really hurt if it were taken back.
Cisco fails here.
I don't know why it should, but Cisco is too important to go back to where it was after it reported that beautiful quarter. Retail stays soft. I can't emphasize how important it is that retail sales do a little firming. Auto sales, too. Lots of companies won't make their numbers if these trends keep up.