Apple (AAPL -2.5%) has dived over the last 30 minutes of trading on heavy volume, without any news to explain the move. The decline comes with the NASDAQ still up 0.5% on the day. [View news story]
I heard there was a rumor circulating that Steve Jobs died again.
The Next 10 Years: Much More Misery [View article]
FDR gave away money for people who didn't want to work? You might be thinking of men like my grandfather, who worked at everything from to day labor to carpentry, supplemented with gardening and hunting to keep his family fed. At one time he relied on WPA work, earning one dollar per day for heavy, manual labor in a quarry. My grandmother also took any work she could find, waitressing, cleaning, whatever, and made most of their childrens' clothing. I have to laugh whenever i read the revisionist ideas of free-marketeers who proclaim that the only reason the depression lasted so long was that the unemployed refused to accept sufficiently low wages!
To compare the sales of vertically integrated Intel to those of ARM means little, because ARM doesn't produce the chips. For a meaningful comparison, you'd need to compile all of the sales numbers for ARM-based chips together with ARM's own revenue.
Well, the parabolic move is partly the stock catching up to the performance of the company. Of course it's also fund managers' panic buying and program traders piling in and pushing. But sentiment has changed dramatically for the market as a whole, too. Might a forward p/e of 13-15 be the new normal, especially for dividend payers, instead of 8-10?
But hedge fund managers and 15-yr-olds who own just one share are all staring at the same parabolic chart, so it won't run past 800 by June. I don't even think it will get too far ahead of the median analyst price target, which right now is ~610, the highest being 730. I expect a trading range, with extremes of perhaps 520 and 620, for weeks to months. Unless we get some negative news or a general market sell-off though, AAPL should find strong support on dips, I think.
Apple Has Already Won The Tablet Market [View article]
Best article on Apple in a long time. Excellent analysis with insight into technical aspects that was also written well (ie, comprehensibly) -- a combination that is seldom seen. Thank you!
The Bernanke Agenda - It Isn't What You Think It Is [View article]
Seriously, JS? You would bet that the S&P500 will see 1000 (a 40% drop) before it sees 1750 (a 5.5% gain)? Wow, I would love to take the other side of that bet!
Bernanke The Washington Super-Whale, Hedge Fundies And The Widowmaker [View article]
A significant difference between the UK and most EU countries vs the US is that social safety nets here in the US are very thin and sparse by comparison. Thus austerity in the UK and in EU countries is more viable socially and more sustainable than it would be in the US, because it isn't anywhere as austere as it would be here.
Why A Stock Market Bubble Is Forming Right Now [View article]
James, maybe it's that your headline, declaring boldly that we are entering a bubble, overwhelms your disclaimers below that the market is not yet in a bubble. Don't ya think? In fact, it's a contradiction. If the market hasn't yet entered a bubble, we can't say that it is doing so "right now", which the title does. (And yes, I did read your interesting article -- thanks.) Your article disowns your headline, but your readers won't let you get away with that, understandably.
Though many pundits, analysts, and (reportedly) employees liked Apple's (AAPL -2.3%) big management shakeup (I, II), shares have fallen below the $600 threshold today. Scott Forstall had plenty of critics, but he also earned a lot of respect on account of iOS' success over the last 5 years. Today's decline comes as Chinese regulators give their approval to iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) 3G networks. [View news story]
Intel: Buy The Market's Over-Reaction [View article]
Funny that your conclusion -- to wait for the market to give a signal that it has changed its mind -- contradicts the headline. No problem; i agree. Your analysis says that Intel has been run well. What's needed is improving revenue.
Microsoft's Big Announcement On Monday: Rumors Are Swirling [View article]
Recall why Wintel won in the 90s to become a near monopoly. It was mainly because of price, with products that were for the most part inferior to those of Apple and other software vendors. With IT won over, there has been great inertia and resistance to change at workplaces. The popularity of iPhone is changing that. Will Windows 8 now, together with Windows phones and tablets provide an ease of use and integration that will bring those of us who are not IT geeks to love MSFT? That's hard to envision. Why will a new tablet gain any more traction than Android tablets? Why will it be any more popular than Windows phones? Will the new msft tablet need to be sold at a breakeven price (like Windows phones) just to gain any market share at all? I don't know; i only ask.
An Updated Look At The Short Leading Indicators [View article]
Hail Hale! Wonderfully presented with concise explanations and charts, and very informative. Whatever motivates you to churn out these pithy, insightful articles, your efforts are highly appreciated.
The Bernanke Agenda - It Isn't What You Think It Is [View article]
PompFrog: Would you care to share the SA writers whom you have found to be competent? Re macro issues, I have a very short list myself. Thanks in advance.
Just an aside: I do not think that some of the -- how do I put this -- well, delusional, over-confident or politically-driven authors on SA are lazy. But it does appear that sentiment and biases shape analysis for too many, as your criticism implies. What are the odds of the forecast of this article panning out, worldwide currency system and all? If options were sold on it, I wouldn't pay one cent.
Bernanke The Washington Super-Whale, Hedge Fundies And The Widowmaker [View article]
Good article. Nice account of the London Whale fiasco. Is it right, though, to pin monetary policy entirely on Bernanke? Are the rest of the FR governors mere puppets under his control? I understand that Fed policy haters are prone to portray it thusly, because it's better narrative to attack one man than to counter a consensus of opinion that is not of one's liking.
Apple (AAPL -2.5%) has dived over the last 30 minutes of trading on heavy volume, without any news to explain the move. The decline comes with the NASDAQ still up 0.5% on the day. [View news story]
The Next 10 Years: Much More Misery [View article]
Where Are The Intel Bulls? [View article]
An Apple Bubble Is Forming [View article]
But hedge fund managers and 15-yr-olds who own just one share are all staring at the same parabolic chart, so it won't run past 800 by June. I don't even think it will get too far ahead of the median analyst price target, which right now is ~610, the highest being 730. I expect a trading range, with extremes of perhaps 520 and 620, for weeks to months. Unless we get some negative news or a general market sell-off though, AAPL should find strong support on dips, I think.
Apple Has Already Won The Tablet Market [View article]
The Bernanke Agenda - It Isn't What You Think It Is [View article]
Bernanke The Washington Super-Whale, Hedge Fundies And The Widowmaker [View article]
Why A Stock Market Bubble Is Forming Right Now [View article]
Though many pundits, analysts, and (reportedly) employees liked Apple's (AAPL -2.3%) big management shakeup (I, II), shares have fallen below the $600 threshold today. Scott Forstall had plenty of critics, but he also earned a lot of respect on account of iOS' success over the last 5 years. Today's decline comes as Chinese regulators give their approval to iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) 3G networks. [View news story]
ARM In Servers: Be Skeptical In Buying The Hype [View article]
Intel: Buy The Market's Over-Reaction [View article]
Microsoft's Big Announcement On Monday: Rumors Are Swirling [View article]
An Updated Look At The Short Leading Indicators [View article]
The Bernanke Agenda - It Isn't What You Think It Is [View article]
Just an aside: I do not think that some of the -- how do I put this -- well, delusional, over-confident or politically-driven authors on SA are lazy. But it does appear that sentiment and biases shape analysis for too many, as your criticism implies. What are the odds of the forecast of this article panning out, worldwide currency system and all? If options were sold on it, I wouldn't pay one cent.
Bernanke The Washington Super-Whale, Hedge Fundies And The Widowmaker [View article]