And I really think that the key officials in an Obama administration are going to have to roll up their sleeves, take a fresh look at these issues.

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Given the current technical readings, SOXX may not bottom until later in the month, but I will be keeping an eye on some of the key semiconductor stocks for signs that they have completed their corrections.

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So it is unfortunate that Republicans, I guess, as you cited, have continued their efforts to oppose this bureau, oppose the implementation of a key component of the Wall Street reform law.

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