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Pinocchio1

Pinocchio1
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  • While the European debt crisis garners most of the attention, the political mess in Washington and looming "fiscal cliff" at year-end may actually pose a bigger danger to the markets. Trillions of dollars in automatic tax increases and spending cuts are on the horizon, but it's barely registering with investors. "It is unlikely that the cliff is fully priced into the markets," says BofA Merrill Lynch economist Ethan Harris. We're only beginning to grasp the size and timing of the coming shock to the economy.  [View news story]
    Media gives stage to negativity.
    "everything is fine" wouldn't make page 12 in the news

    The problem is that consumer sentiment has a major role in the economy, and the media keeps hammering at this. As long as we give these nothings their ratings, the economy and markets will look like they do.
    Jun 9 03:16 AM | Likes Like |Link to Comment
  • German trade fell sharply in April, with exports -1.7% vs. expectations of -1% on weaker-than-expected European demand; exports to the EU fell 1.1%, while non-European exports gained 10.3%. Imports fell 4.8% vs. expectations for imports to remain flat.  [View news story]
    WHAT ????
    Exports fell 1.7%

    Exports to EU fell 1.1% and gained 10.3% for non-EU
    How can the weighted ave. be totally outside the range of it's components?
    SO.. I rad the original news - exports grew by 3.4% Y/Y - now the numbers start to make sense. but... in the sentence they translate this to "seasonally adjusted -1.7%". The original numbers are Y/Y what seasons are we talking about? what seasonal adjustment do you make when talking about the SAME season?

    What are these guys smoking?

    Finance people don't know math of 5th grade. They blabber non-sense and quote each other to magnify the "news".

    Time to shut all these financial types up and start running a real economy with a real market. Bring the whole financial sector down to it's proper function and size.
    Jun 8 04:18 AM | 2 Likes Like |Link to Comment
  • It's open season on the trading positions at JPMorgan's (JPM) Chief Investment Office, and the $2B loss disclosed 4 days ago has grown to $3B, according to sources. Markets will fluctuate and today's loss could be tomorrow's gain, but this is a bank - holding government-insured deposits and with access to near-free capital from the Fed - not a hedge fund.  [View news story]
    Megalomanic clueless bankers that are convinced that they smart.
    Time to do away with all options, shorts... derivatives shmarivatives.
    If you want to invest, invest. If you don't like something invest elsewhere.
    The whole nation slept better at night, and got more out of their investments before these financial parasites took over
    May 17 03:10 AM | 3 Likes Like |Link to Comment
  • Are These David Einhorn's Newest Targets? [View article]
    Disclosure please?
    "analysts" are slamming companies without disclosure on their own holdings?
    I don't listen to kids' opinions about real companies.
    You should be doing shoeshine on companies' shoes.
    What have YOU done in your life.
    These companies are older than you, "pyramides" NEVER survive this long
    May 17 01:53 AM | Likes Like |Link to Comment
  • Martin Marietta (MLM -10.6%) plunges as it gets the David Einhorn treatment at Ira Sohn. Snippets: MLM's CEO is a megalomaniac; the company is overvalued and benefited from a one-time stimulus. Ouch. Vulcan Materials (VMC -6.1%)  [View news story]
    My personal opinion?
    Einhorn is no less megalomanic
    May 16 03:47 PM | 2 Likes Like |Link to Comment
  • Seadrill (SDRL): Q1 EPS of $0.89 beats by $0.18. Revenue of $1.5B (-5.4% Y/Y) in-line. Shares -2% premarket. (PR)  [View news story]
    A huge beat on earnings, a huge decline on revenue
    What gives?
    The 'analyst' !!! what it shows is that these guys don't understand the company AT ALL.
    They just shoot their mouths, these clueless vain Wall St types.
    Think about it... if they missed like this, it implies that they totally don't understand the pricing, the margins, the business model, the BASICS of SDRL.

    It's time to stop quoting these financial types, change the culture of investment from gambling on stupid, clueless, invented betting-lines, and back to fundamentals.
    May 14 06:15 AM | 4 Likes Like |Link to Comment
  • European markets are tanking on concerns about Greece and the unity of the euro. London -1.8%. Paris -2.4%. Frankfurt -2.2%. U.S. futures indicate a similarly bleak trading day ahead: Dow -0.8%. S&P -0.9%. Nasdaq -0.9%.  [View news story]
    and Let's not forget to thanks Dimon, his friend Gross and the rest of the financial scum
    May 14 04:55 AM | 1 Like Like |Link to Comment
  • Angela Merkel's conservative party failed to win back power in North Rhine-Westphalia, Germany's most populous state. Center-left social democrat Hannelore Kraft won the vote, a rebuke for Merkel and her austerity push. Frankfurt -1.3%.  [View news story]
    Merkel Shmerkel.
    Politicians and other policy makers (Fed's, IMF...) don't have the slightest idea in economics.
    May 14 03:44 AM | Likes Like |Link to Comment
  • Just two days after JPMorgan (JPM) announced a massive $2B trading loss, Pimco's Bill Gross comes to its defense, calling it one of the “best-run banks in the world." It’s a decently capitalized bank, Gross says, with $120B of Tier-1 capital. "That’s 10.5%, which is higher than the 9% U.S. average.” And capital quality, according to Pimco, is what you need to trust most in a situation like this.  [View news story]
    Just shows what a "genius" Bill Gross is.
    Dimon was very lucky in 2008, that's it. Somebody had to survive this beter than the ave. That's is the definition of 'ave' some are above some below.
    Ford did better than GM - well, one of them has to do better than the other !!!
    All the guys who predicted 2008 told us we have a 100% for depression in the Summer of 2011.
    When you have, every single week, 10+ analysts predicting the end of world, than on every crash 10 people will be right about this.
    What about the 1000's of doom guys that were wrong this Summer - INCLUDING GROSS !!!! check it out, the nonsense that this guy said.
    Millions of investors sat out the Oct 11 => Mar 12 because of these guys. Gross and the likes.
    It's a roulette, and CNBC, and Bloomberg give these guys coronations. unbelievable.
    The whole financial sector is being admired by the business media.
    Every sentence they blabber is a headline
    These guys have not actually done anything in their lives.
    They are gamblers, and not very good at it either
    There are some CEOs which are worth listening to
    AAPL, SBUX, GOOG, CAT, ex-COST, AMZN... and I'm sure a few others. They are interesting, different, creative, innovative, they have some unusual and very successful ideas.
    The fact that we don't hear them on JPM, just proves how much smarter they are than the financial guys.
    May 12 05:03 PM | 1 Like Like |Link to Comment
  • Apple (AAPL +0.1%) is vulnerable to slower U.S. smartphone growth , says Credit Suisse's Kulbinder Garcha, and lowers 2012 and 2013 earnings estimates to reflect increased carrier pressures from tougher smartphone upgrade policies. Garcha says AAPL is more susceptible to carrier changes near-term than other vendors but continues to expect robust bottom-line growth and thinks its valuation is still compelling.  [View news story]
    That's a new one... 5 year trailing p/e
    I am not sure where you can find stocks of Panam, TWA not to mention the Japanese Electric Company, the guys from the nuclear plant.
    Or maybe invest with Corozine's MF Global

    Apple is making $1B per week profit after taxes... and you?
    May 12 07:55 AM | Likes Like |Link to Comment
  • Apple (AAPL +0.1%) is vulnerable to slower U.S. smartphone growth , says Credit Suisse's Kulbinder Garcha, and lowers 2012 and 2013 earnings estimates to reflect increased carrier pressures from tougher smartphone upgrade policies. Garcha says AAPL is more susceptible to carrier changes near-term than other vendors but continues to expect robust bottom-line growth and thinks its valuation is still compelling.  [View news story]
    Maybe CS should focus on fixing their own mess before advising on AAPL?
    Who are these people? what they heck do they know about anything?
    Why am I still shocked each time these clueless open their mouths? or is it a shock that somebody quotes them?
    May 11 11:52 AM | 5 Likes Like |Link to Comment
  • Wells Fargo rings up an Outperform rating for Buffalo Wild Wings (BWLD) on the strength of the restaurant operator's "best-in-class" same-store sales growth and the potential for chicken wing prices to fall back. The price for bone-in chicken wings accounts for close to 20% of the company's commodity costs. [View news story]
    Sorry, We are really not interested in bankers' opinions about real economy. Please go away, shut up for about 5 years. All of you.
    May 11 08:06 AM | Likes Like |Link to Comment
  • Kid Dynamite draws on his career in an internal hedge fund to provide outstanding perspective. The issue is JPM has TRILLIONS in exposure, too complicated for even the most seasoned professionals to understand. If this could happen to the best-in-class, what might we think about the rest of the banks? 2008 is not that long ago and the loss in "trust" is of far more import than the $2B.  [View news story]
    If you really want to understand how clueless the financial "experts" are...
    Imagine Jimmy the Greek and the Sports betting in Las Vegas. If The Greek would give a "bad" line, the house would lose millions.
    Compare this to the Wall St. analyst expectations - would ANY of them give us "earning lines" to bet real money against their lines?
    Do they have half the balls that Las Vegas Sports betting have?
    NO !!!
    Would any of them dare put their money where their mouth is?
    They would be out of business in 1 week, because they have NO CLUE.


    As a (very) senior Hitek technical expert, it would usually take me 3 years to understand my own company, project flows, bottle necks, backlogs, marketing targets, in short business essentials of MY OWN company where I LIVE. And... I would still had no clue about the competition, their health or strategic plans.
    In those days we would have analyst kids in fancy suits come in... the company would send a junior marketing guy (2 weeks in the company) to spend an hour with these analysts, to show some respect, and have these new marketing guys get a dry run before they enter the real world.
    The analysts were there not really to learn about us, but to actually try to push SUN servers though us to our customers, I guess for some coupon or something. I am not dreaming this - I was offered more than once generous coupons myself. It's called bribes - by analysts. And I would stand a polygraph on this one.
    Not all analysts - but which ones? who knows?

    I never read their analysis of our company, I don't know how it was effected by us refusing to recommend SUN servers, or by recommending them, occasionally
    One I thing I know for sure and I would bet my house this. These analyst kids had no clue what we were doing, how good we were or anything which has anything to do with our success and/or our real value.
    All they knew is what this junior marketing guy was selling them. Of course he himself had no idea at this stage about our company either.
    To all analysts - put up or shut up. Let us bet against your "expectations" or get out of our lives and find a real job. Flip hambergers - it will certainly be better for America.

    When S&P looks for an energy expert - would they take a Standford Business graduate, or an deep-sea welder with 20 years experience, someone who knows SLB, HAL, NOV, and SDRL better than he knows his own kids
    They will take the Stanford guy, who uses Full Service at the pump for his BMW.
    Why? because the analyst-boss is from Stanford AND the fact that we cannot bet against the line of the Standford kid. (Nothing against Standford specifically, it could be any Ivy)

    Bill Gross, Dimon, Maidoff, Bernanki, LaGarde, Merkel... and all their friends should shoeshine for The Greek.
    This guy was for real, a professional who really understood his industry.
    May 11 07:57 AM | 3 Likes Like |Link to Comment
  • How do you blow up a (London) whale? In the case of JPMorgan Chase (JPM) - which sees $2B in mark-to-market losses and counting - apparently by trying to "hedge" against credit stress by writing protection, and get the whole market playing against you. Despite uncertainty about further losses, Doug Kass is buying the dip though many are more cautious. And don't bet against a resurgence in the Volcker Rule and bank breakup talk, and more downgrades ahead.  [View news story]
    44 - It's way more than 2B, It's credit ratings, it's investors fleeing, it's m&a turning their backs, it could very well mean going under.
    I just hope it's not contagious. These financial types are just the worst gamblers, junkies in fancy suits.
    Bill Gross is just Jimmy the Greek without the knowledge nor the brains.
    Dimon? should flee the country today. Hide in Venezuela or Namibia
    May 11 03:13 AM | 2 Likes Like |Link to Comment
  • How do you blow up a (London) whale? In the case of JPMorgan Chase (JPM) - which sees $2B in mark-to-market losses and counting - apparently by trying to "hedge" against credit stress by writing protection, and get the whole market playing against you. Despite uncertainty about further losses, Doug Kass is buying the dip though many are more cautious. And don't bet against a resurgence in the Volcker Rule and bank breakup talk, and more downgrades ahead.  [View news story]
    Time to bring back banks and financial institutions to their natural role and size.
    These guys grew to be these huge parasite organizations which suffocate the economy.
    A bunch of idiots which have no clue in finance, nor economics.
    Gamblers of the worst type.
    JPM should be closed !!! shut down !!!
    and this Dimon guy - this is the last time he should be handed a mic, or interviewed by anyone. Idiot. He is the CEO ands instead of resigning he throw the mud at the people who work for him. I am sure they deserve a good beating, BUT DIMON HIMSELF SHOULD GO TODAY !!!
    May 11 02:53 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
206 Comments
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