Nikola

Preview from Europe: Inactive Obama Leads Indices Lower

Did President take a vacation on his ranch in Texas or something? Wait, that was the last President that took monthly vacations on his ranch. This new one doesn't even have that excuse. Maybe we need a pay cap for the President. He, too, is paid by the taxpayers after all. How about he gets paid $40,000 in cash, and some at-the-money options on Dow Jones that he can vest annually? Talk about accountability.

Get on it Obama. Your CFO is still putting together his PPT for a presentation on Friday. This thing didn't start yesterday. We are beyond PPTs. You should have had a plan to start implementing on Jan 19, 2pm.

Tech Troubles Aren't Over - Barron's

The flood is yet to hit tech. Everybody's been focusing on financials (subprime exposure), auto companies (price of oil, cash flow), and retailers (consumer, layoffs).

But if you talk to people in tech, you will see that the flood has reached their doors, and the first thing corporations are cutting, in huge numbers, is tech. Especially these days when people are making 09 budgets.

It's gonna be another tech slaughter in 09, but this time there was no real bubble, and tech will just be collateral damage.

See in you Web 3.0.

The Cyber Monday Meltdown

I am a little confused. Since tech stocks (Microsoft and Apple) were battered and semiconductors are predicting grim future, ergo, on-line sales will be weak.

Can we not get on-line and shop on Amazon or eBay when Cisco stock goes down? Someone please explain to me. Is that how the Internet works?

36 Opportunities for the Beginning of the Bull

There is one undisputably good point in this post. The markets play us, not the other way around. This market will turn when BIG MONEY turns, not when User 2342325 or Peppio or Anti-Fool or I decide to spend our last 25% of cash and jump in with our $10K or $100K.

Problem is that BIG MONEY is currently bancrupt or busy unwinding. The only guy left standing is the Fed and its printing presses. However, despite the fact that the Fed's injected close to a trillion dollars into the system in the past few months, BIG MONEY is still holding on for dear life, and it's scared. Citi, Wells Fargo, BofA? Still alive, but in a month, who knows? When these guys start buying again, that's when the market turns. And right now they ain't got the balls to buy. Because they saw what happened to Lehman, Morgan and others who were in denial.

Hey who was it here on SeekingAlpha who said we'll have a bottom when we have 60 days of no bad news? I completelly agree. Well, guess what. We still have bad news, even if it's from UK/Europe.