Amazon - The Mystifying Estimates For The Quarter Just Ahead [View article]
Gary, the CEO said they were not focused on earnings in what, 1997? The earnings imploded from late 2010 until now.
The Fed has stopped and started several times, historically with unemployment at 7.5% the Fed didn't see the need to print money. The Fed printed because the market fell - every time the market fell, the Fed re-started printing.
Amazon - The Mystifying Estimates For The Quarter Just Ahead [View article]
Gary, the short thesis on AMZN was predicated on what was going to happen to AMZN's earnings, not on its current earnings. What happened to AMZN's earnings was that they fell quite a bit (to zero, actually), over the last 2.5 years. The market did NOT expect that to happen.
AMZN the stock went up because the Fed printed and printed some more. In a normal, un-manipulated, market, AMZN would have gone down.
Amazon - The Mystifying Estimates For The Quarter Just Ahead [View article]
lildimsum, this last year turned out like it did because the Fed made it so. You're seeing what happened, not necessarily what could have happened or the odds associated with each outcome.
A good example would be a lottery. If you won the lottery, certainly you could say "it was the right decision to play", yet the odds and expected value of the lottery could have been awful at inception, making it the wrong rational choice.
The Probable Origin Of The Anadarko Singularity [View article]
Agree, though it doesn't look like a fat finger, it might have been some kind of bot going rogue.
Though this dynamic, even if it didn't happen, is bound to happen in the future. It is similar to the "portfolio insurance" debacle of 1987 where everyone though there would always be a market to sell into.
I've handled it myself - and I think the same as you, that the iPhone feels better.
But the problem is that there seemingly is a lot of people who think otherwise, perhaps due to the larger screen (I was impressed with the screen on the Sony Experia Z playing a movie). That's the point - a phone at a similar price selling nearly as much means that there are other factors beyong Apple's quality/brand/ecosystem that are showing themselves to be important enough to turn people's preferences. Or else, at the same price the iPhone would sell massively more, like it had done up until now.
Amazon - The Mystifying Estimates For The Quarter Just Ahead [View article]
Amazon - The Mystifying Estimates For The Quarter Just Ahead [View article]
The Fed has stopped and started several times, historically with unemployment at 7.5% the Fed didn't see the need to print money. The Fed printed because the market fell - every time the market fell, the Fed re-started printing.
Apple's Magic Is Broken [View article]
Apple's Magic Is Broken [View article]
Apple's Magic Is Broken [View article]
Amazon - The Mystifying Estimates For The Quarter Just Ahead [View article]
AMZN the stock went up because the Fed printed and printed some more. In a normal, un-manipulated, market, AMZN would have gone down.
Steel Price Under Tremendous Pressure In Europe [View article]
The overall market is being driven by the Fed, which at this point inflates only assets.
Amazon - The Mystifying Estimates For The Quarter Just Ahead [View article]
A good example would be a lottery. If you won the lottery, certainly you could say "it was the right decision to play", yet the odds and expected value of the lottery could have been awful at inception, making it the wrong rational choice.
Steel Price Under Tremendous Pressure In Europe [View article]
Back then MT was at an adjusted $19.81.
Apple's Magic Is Broken [View article]
The Probable Origin Of The Anadarko Singularity [View article]
Though this dynamic, even if it didn't happen, is bound to happen in the future. It is similar to the "portfolio insurance" debacle of 1987 where everyone though there would always be a market to sell into.
The Probable Origin Of The Anadarko Singularity [View article]
Apple's Magic Is Broken [View article]
Apple's Magic Is Broken [View article]
But the problem is that there seemingly is a lot of people who think otherwise, perhaps due to the larger screen (I was impressed with the screen on the Sony Experia Z playing a movie). That's the point - a phone at a similar price selling nearly as much means that there are other factors beyong Apple's quality/brand/ecosystem that are showing themselves to be important enough to turn people's preferences. Or else, at the same price the iPhone would sell massively more, like it had done up until now.
The Probable Origin Of The Anadarko Singularity [View article]