Wisdom vs. Information

GE's Immelt Turns Dem

Immelt is a Democrat to the core, how ignorant can you people be? Big business supporting federalists who pass laws that protect big business from competition is the history of the Democratic party; Immelt supports Dems while developing 'clean energy,' Buffett supports Dems and buys trains, a pure cap-n-trade play. This is pure and simple corruption disguised as progressive policy, idiotic that you fall for it

John Chambers was enthusiastic about an economic recovery on Cisco Systems' (CSCO) Q3 earnings call yesterday: "Based upon our business momentum... this would indicate that the recovery from an initial phase perspective is well underway..." And: "We are seeing very tangible results that the recovery, at least the initial phase of the recovery, is gaining momentum."

he also said, no 2nd half guidance b/c if hiring does not pick up then we will get no 2nd half orders; his comments, in total, were quite bearish mid term. i am stunned that the stock is up so much, you are looking at a 24PEx indefinitely

Sprint's Upcoming Phone Lineup: It Has to Do Better than That

wow, we found the S fanboys. S has an empty network with plenty of capacity and bandwidth, and lots of 3.5G WiMax (no, it is not 4G); but, even if they have good phones (as someone above claims) no one knows it, so it does not matter--if i offer great phones and great service and no one wants them, will i make money?

S and TMobile have nothing going for them, even if they are executing, because, right or wrong, consumers just do not care; so, the sooner DT buys S the better off they will both be. then, Sprextobile could compete in marketing

Time to Begin a Long-Term Stake in Market Vectors Brazil Small Cap

excellent post and follow up Mark, thanks. i agree that BRIC will outrun the US, at least until we get a new small business friendly administration; in the meantime, we will mirror big government, big business-friendly Japan and Europe

Durable Goods Headlines Hide Weakness in Tech

back to normal seasonality for communications, 4Q spending will double 3Q for 3G, WiMax chips are all sold out, this stat will look deceptively good next two or three months; chips: advanced chips are doing well, normal are not-- for now. how many smartphones and dongles, WiMax chips, communications SoCs, etc does the world need during a recession? just a few more billion a year

Until recently, conventional logic says, U.S. car buyers cared little about fuel economy and preferred big, gas-guzzling (profitable) SUVs. But now former GM economist Walter McManus says carmakers systematically dismissed research to the contrary: "Our job was not to seek the truth, but to justify decisions that had already been made."

revisionist history, dumb comments. large, high vehicles are more pleasurable, convenient, flexible, useful and safer to drive (everything being equal). people did not buy those vehicles b/c they were manipulated, they bought them because they liked them. just because you guys do not like them (or more likely, you feel guilty about it) does not mean that those vehicles are not more convenient and pleasurable to operate.

not to mention, the car that creates the least consumption is the car that lasts the longest because autos make the most pollution when BUILT, not OPERATED. a diesel f250 makes less pollution than the three Priuses and five batteries that equal its lifetime. you dopes do not realize you are being manipulated into buying new small cars, pathetic, and HURTING the environment by increasing consumption. you imagine yourself progressive when you are in fact ignorant

Aug. S&P Case-Shiller Home Price Index: -11.3% vs. -13.3% in July and -11.9% consensus. Nationally, home prices are at levels similar to fall 2003.

homes were overpriced in fall 2003, if the gov'mint keeps propping up prices, home prices will not fall into affordability

Mobile Phone Wars: Keeping My Distance

wireless is different b/c data revs are changing every quarter, but cash flow is undeniable, T and VZ have plenty; further, T and VZ are already priced for no downside. DT and S will probably merge for a commoditized big three

Estimate Revisions and 'The Earnings Season Racket'

nonsense. managers and analysts underguide to avoid lawsuits, so curse the lawyers and judges, not the CEOs and analysts.

short term, you can manipulate investors into buying stocks with a beat, but in the long term the only thing that matters is earnings; not to mention, most investors know that companies usually beat thus change their expectations. you can argue beats encourage people to buy who should not, but you cannot argue experienced investors are effected. GS was an excellent example this Q, they were priced for a higher beat, beat by the usual amount and got hammered-- fact is, investors know.

another problem with forecasting is that you never know when GE is going to make a $1.7B loss at GECS look like BE (which will hurt earnings down the road), or when INTC is going to write off goodwill in a bad Q for tax purposes (which will boost earnings down the road).

most importantly, analysts don't owe you anything unless you paid them, they are not public servants; an analyst is only going to tell you what to do after his customers have moved. D Bove had a brilliant comment recently, everyone wants analyses for free now, and they are getting what they paid for

Nouriel Roubini, One on One: More Doom and Gloom

we are in a recession b/c we built 1.4 MILLION too many houses (no one wants them, and no needs more) and only God knows how many too-many cars at 16M a year and built up too much much personal and government debt. not MO, check the charts-- our bills are higher than our income. none of these problems were caused by expensive oil. M Roubini is a cloistered academic who consistently pushes government control. he is definitely wrong, and IMO he is dangerous because he is presented by people who want to control our lives as wise

TriQuint Semiconductor Savaged After Hours: Another Reason Not to Game Earnings

Mark, i have not gotten to TQNT b/c it is relatively small in my portfolio, but i will bet that the problem is competition: TXN and other smartphone chip makers guided up, so i ASSUME that TQNT is losing mkt share

i will trade some value tomorrow, then sell out if that is indeed the case

Galleon's Top 10 Holdings

according to a journalist on Blooomberg, this investigation was led by DoJ and FBI, which explains why something actually got accomplished; funny, the gov'mint says they got started by data-mining for similar trades-- silly me, i have assumed that was done for years

STEC's Promising Future – Part II

after SNDK, i think it is pretty obvious solid drives are kicking a**

Galleon Group's 50 Largest Holdings

dont know about shorts, but my comm small caps with galleon exposure got hammered , then popped right back, i enjoyed the fire sale and hope to take even better advantage of ones in the future

Dow Breaks 10,000 for 26th Time While Gold Shines

the banks are not "sitting" on money. SMBs are not expanding cap ex nor hiring because we do not like the regulatory and tax environment that the administration is threatening to impose upon us-- in other words, there is no demand. check the NFIB website for numbers