Cisco reported great numbers but the home consumer division was really bad. Security and Router sales were way down, these are the private consumer products. Most of their sales were from commercial to private business or government upgraded networks or the Internet. This is my opinion and i listened to the call and questions.
China didn't sell off super hard compared to the Hang Seng and the Bombay markets.
Obama is really screwing up here. Going head to head with China is not going to help our economy. It is really saddening and the market will tell us the truth.
Just a reminder, A strong Dollar makes our good more expensive. The tourist that come here from Europe aren't going to come here any more. The I phones are going to cost them more. A strong Dollar is bearish for our economy.
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