Originally posted by JPT A hyphen is a month, K or Q is the release of a camera and E is the March 11, 2011 earthquake. Of course the Thai floods also affected a of camera manufacturers and they happened just after the earthquake.
What you have written is true of the entire global economy and is reflected in the recent performance of the US equity market. "Just-in-time" manufacturing supply chains are wonderful productivity enhancers right up to the point that the chain breaks . . . . . . and one small part can interrupt, for instance, production of an entire automobile (radiator hoses lost 2/3 of global capacity, Ford Focus fuse box part unavailability caused
global production shutfdown) So auto manufacturers took their scheduled summer hiatus for retooling in April and May rather than August and September, then couldn't restart because the global economy had cooled so much.
Were it not for Bernanke and QEII . . . . .