Wall Street looks for year-end rally

"Santa Claus tends to come to Wall Street nearly every year, bringing a short, sweet, respectable rally within the last five days of the year and the first two in January," according to Jeffrey Hirsch and Yale Hirsch, the authors of the Stock Trader's Almanac. "This has been good for an average 1.4 percent gain since 1969."

The following news is a good news to Qimonda. At least in a short term, but long term still a lot of uncertainty.

Qimonda Gets EU325 Million in Loan to Avoid Collapse

Global Slowdown

Sales in the semiconductor industry will decline 16 percent globally in 2009 because of the global slowdown and lower consumer spending, research firm Gartner Inc. said Dec. 16. Next year may mark the first time the industry reports consecutive years of revenue declines, the researcher said.