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Three Cheese Fondue

Three Cheese Fondue
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  • Apple launches cheaper iMac [View news story]
    "Windows folks aren't that lucky... or dare I say "smart"."

    Yes, we're all dumb, we're all so envious that you're so smart.

    All those gazillions of people still running XP. 28% of the world's computers running a 13 year-old OS.

    So dumb they are, so dumb.
    Jun 18, 2014. 11:51 AM | 4 Likes Like |Link to Comment
  • Tepper no longer nervous [View news story]
    "Widely followed hedge fund manager David Tepper told CNBC on Thursday his chief market concerns have 'alleviated.'"

    I would've thought the only thing that's been alleviated is his equity longs as he sells into this madness.
    Jun 5, 2014. 12:01 PM | 4 Likes Like |Link to Comment
  • The Dollar Doesn't Get Much Respect [View article]
    "The dollar could get a really serious boost if Washington could get its head out of the sand and pursue growth-oriented instead of business- and capital-unfriendly policies, but that awaits the outcome of the November elections at the earliest."
    Always the little political point sneaked in somewhere in the article. Those poor, poor enterprises, struggling to make a bean in such a grossly business-unfriendly environment. Poor them! Something MUST be done!

    A glance at
    tells you all you need to know about how "business-unfriendly" the status quo is (or more to the point, is not).
    May 11, 2014. 09:42 AM | 4 Likes Like |Link to Comment
  • Don't Let Putin Scare You, Bully-Proof Your Portfolios With VIX ETFs [View article]
    So you like to call Putin a bully eh? Aside from being immature, it's kinda rich coming from an American.

    VIX futures are steeply in contango so any longs for more than a short period of time are like trying to swim against the tide.
    Mar 4, 2014. 07:24 PM | 4 Likes Like |Link to Comment
  • Commodity Chart Of The Day: Copper - Listen To The Doctor's Diagnosis [View article]
    "Copper is nicknamed "Dr Copper," as one can get a barometer of the overall economy based on its price action. "

    Yeah, and how did that work out for you when copper was falling from 3.80 in February this year to 3.05 in the past week?
    Suddenly after a protracted bear you get a one day bull candle from a double test of support and you infer that the coast is clear, the outlook for risk is sanguine and you can get levered up with SPX longs?

    You get paid a lot of money to tell us to pay attention to Dr Copper when it goes up in one day but choose not to wonder about when it goes down, even though during the time that it went down from Feb this year the SPX has ramped up 100 points? 100 points, during which copper dropped from 3.80 to 3.05!

    Once I would have swallowed this but I'm a better trader now. At least, I hope I am.
    May 4, 2013. 02:16 PM | 4 Likes Like |Link to Comment
  • Why Forex Traders Need To Care About Gold's Collapse [View article]
    Was the run-up due to market manipulation as well?
    Apr 15, 2013. 10:35 PM | 4 Likes Like |Link to Comment
  • There's No Longer A Bernanke Put [View article]
    Good points, except for number 4. What we have seen and continue to see is the bursting of a credit bubble that has built up over decades for various well-documented reasons, in personal, government and corporate debt. You cannot have a bubble of that magnitude burst and be on your merry way in four years. It simply cannot be done; there is just too much debt to pay down.
    Sep 14, 2012. 12:57 PM | 4 Likes Like |Link to Comment
  • When This Indicator Hits 19, Stocks Always Rally [View article]
    "So yesterday’s reading of 22.19% is more than one standard deviation below the long-term average, which means there’s roughly an 80% chance stocks will rally over the next six months."

    Sorry, six months, what's the use of that if it drops 10-20% first?
    Trading, investing, call it what you will, it's about timing, always has been, always will be. The path of least resistance is right now down, to a test of the year's lows on all markets. I'll be absolutely flabbergasted (and very impressed by the bulls) if markets can digest all of this mountain of bad news without dropping from HERE first.
    Have you seen the Shanghai Composite lately? What does that tell you about China's supposed 7.6% growth rate? If China is running out of puff, other emerging markets are slowing, Europe is facing a currency zone implosion and bankrupt states, the US is limping along even with consecutive trillion dollar deficits that it cannot afford for much longer but is in any case facing a fiscal cliff in months, the UK is struggling with its so-called austerity which is barely scratching the problem of government debt....where's the growth going to come from? Oh right, yes, the next US housing bubble....
    Jul 23, 2012. 06:44 PM | 4 Likes Like |Link to Comment
  • Which Way Wednesday: Beige Book Boogie [View article]
    " they all lay out the evidence of man-made global warming/influence so that any halfway educated person could understand."

    Sorry, that's where you're going wrong, because most of the comments on here are from crackpots for whom being half-way educated is but a long-lost dream.

    Probably the 40% of Americans who believe we all came from a single man and woman who ate a bloody apple from a bloody apple tree thereby condemning all humans to be sinful forevermore are the same people who bring such weighty cognitive insights to bear on their consideration of whether or not global warming is in any way induced by the behaviour of humans.

    What *IS* it about the Yanks that makes so many of them so stupid?
    Jul 18, 2012. 07:57 PM | 4 Likes Like |Link to Comment
  • I Told You So: Facebook's Ugly IPO Debut [View article]
    Well, one way of looking at it is this: Despite your crowing, pretty much every man and his dog has been voicing the opinion that FB is a sucker's bet, being extremely overvalued and being fed to stupid retail investors.
    So, I would say, the widely held view is that the stock is overpriced, and ergo, it will fall.
    The underwriters have apparently been sitting on the bid at 38 as per their contractual obligations. Since the price hit and tested 38 several times today, we can probably assume that they are sitting on a reasonable amount of FB stock.
    So, what are they going to do with it? Presumably they are going to engineer a squeeze, either from 38, or from below 38 (even better because there are probably a mountain of stop sell orders sitting just below 38).
    They could do this in conjunction with a rally in the wider markets from here.

    That's just one scenario, based on how we know those with money like to screw those without. Probably won't happen that way though (things never do).
    May 18, 2012. 06:15 PM | 4 Likes Like |Link to Comment
  • Beware of ideologues who claim that Europe’s woes reflect the failure of welfare states and the need for fiscal austerity in the U.S., Paul Krugman argues. It isn’t sovereign debt but whether a government borrows in its own currency that most drives borrowing costs, and austerity is a failure everywhere it's tried, he says. "If we listen to those ideologues, all we’ll end up doing is making our own problems... even worse."  [View news story]
    Yep, keep on spending. Crush that dollar!
    Nov 11, 2011. 05:26 PM | 4 Likes Like |Link to Comment
  • Why Apple's iPad Is Floundering [View article]
    "So, before you pronounce Apple's iPad sales DOA..."

    Did he do that? I missed it. Where did he say that?
    Aug 4, 2014. 02:23 PM | 3 Likes Like |Link to Comment
  • Intel Shorts Continue To Flee [View article]
    I've been short INTC via puts since post-earnings and expect to remain short for some time.
    Jul 30, 2014. 10:21 AM | 3 Likes Like |Link to Comment
  • Apple: Breathe Deeply, Embrace Tim Cook And Hold Until $120 [View article]
    "Anyone that takes a look at this one year chart and tries to tell you that the company isn't tearing upwards in the midst of a strong uptrend should probably not be looking at stock charts for a living."

    Perhaps you have a point. It will be interesting to look back in a few months and find out.
    Jul 9, 2014. 11:17 AM | 3 Likes Like |Link to Comment
  • Apple unveils Mac OS Yosemite, iCloud Drive, Handoff feature [View news story]
    Wow! Gasp! All this has got to be worth at least another $300 on the SP!
    Buying more!
    Can't wait for tomorrow!! I'll buy more tomorrow!
    Cook rocks!!!
    Jun 2, 2014. 01:56 PM | 3 Likes Like |Link to Comment