$SMTC

  This week’s blog post is especially brief. It’s not because brevity is the soul of wit, either. Insiders are in the third-quarter blackout window; even if they wanted to buy, most cannot. I doubt there would be much buying anyway at these levels as the news is gloomy, and there is clearly a draught in animal spirits.  The other reason is that I ran out of time. I went to San Diego for the weekend to attend the Miramar Air Show, the largest military airshow in the country.  My business excuse was to observe the Valkyrie stealthy drone firsthand … Read more