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  • Why Apple Will Repeat History And Plunge Into The Abyss: Time To Call It Quits [View article]
    I'll add to jakexb by saying concerns 1-4 are really the same single concern. I don't see 10 distinct issues being voiced here, and those that were are not particularly well supported (any data to indicate how much #10 might be impacting earnings?).

    Reasons Apple's stock will not drop 30%:
    1. Apple will continue to generate a load of cash from current product streams.
    2. There is now a dividend north of 2.5% which makes this a great value stock and will win a lot of support from the dividend investing crowd.
    3. Ben Bernanke.

    Shorting this stock in light of the above three factors is suicidal investing, IMO.
    May 28, 2013. 02:58 PM | 6 Likes Like |Link to Comment
  • Magic Formula Stocks Year To Date And The Top 5 [View article]
    Good article, Jae. The Magic Formula's simple success is noteworthy. It will be interesting to see how it holds up going forward.
    May 23, 2013. 12:20 PM | 2 Likes Like |Link to Comment
  • Treasury yields continue to climb following the hawkish interpretation of Bernanke and FOMC minutes, the 10-year up 9 bps to 2.02% and within 6 bps of the YTD high of 2.08%. Yields will fluctuate at the long end, but the middle is moving as well, the 5-year up 7 bps to 0.89% - quite a spike for an instrument yielding so little. The IEI - which owns 3-7 year Treasury paper slides 0.3% to just about a 52-week low. The long-term TLT falls 1.4%[View news story]
    And look at the stocks selling off, too, SPY down more than -1%.
    Is this proof the end of QE will hurt stocks as much as bonds?
    May 22, 2013. 03:29 PM | 1 Like Like |Link to Comment
  • 4 Scary Charts Warning Of The Next Financial Crisis [View article]
    >> My main fear is actually some type of horrendous terrorist event.

    Then try reading this from security expert Bruce Schneier:

    Buying-the-dip is not a risk-free strategy. That would have you, e.g., buying AIG in Nov 2008 after it dropped and bounced a bit, still above $1000 per share.
    May 19, 2013. 04:04 PM | Likes Like |Link to Comment
  • BofA analyst Athanasios Vamvakidis says the ECB should retire the €500 note. Some argue that as much as 90% of the bills are held by organized crime. In theory then, the ECB could set a deadline for all €500 notes to be either deposited or exchanged upon proof of legitimate acquisition. Presumably, the ill-gotten portion would not be redeemed, would become worthless, and the difference between the bills that were not redeemed and their original face value would be a profit for the central bank. [View news story]
    What an appalling sense of justice.
    Apr 9, 2013. 03:54 PM | Likes Like |Link to Comment
  • Bank of America (BAC) is biggest so it's only natural it should lead by a wide margin in mortgage-related complaints made to the CFPB, according to the bank, which blames its #1 spot on the Countrywide acquisition. BofA accounts for 29% of all complaints filed to date, compared to #2 Wells Fargo (WFC) with 16%. [View news story]
    Then it's only natural the bigger ones should all be broken up so they don't have to suffer this condition any further.

    It sounds like the government would be doing them a favor.
    Apr 1, 2013. 12:05 PM | Likes Like |Link to Comment
  • Reform Momentum In Mexico Could Be Positive For This ETF [View article]
    First Trust Latin America AlphaDEX Fund (FLN) is another alternative that currently has a 28% allocation to Mexico. It has the plus of being much more balanced, the top holding is < 5% of the fund.
    Mar 29, 2013. 02:31 PM | Likes Like |Link to Comment
  • "Samsung Momentum Begs An Answer From Apple" - that's the title of a fresh note from Barclays' Ben Reitzes, who was very bullish when Apple (AAPL -0.9%) was around $700. Samsung's (SSNLF.PK) Galaxy S IV is expected to be announced on March 14, with European/Asian sales commencing in April, and the launch will likely be accompanied by a price cut for the S III, which will allow Samsung to better compete on price. Reitzes thinks both a cheaper iPhone and a bigger iPhone are needed. (earlier[View news story]
    Samsung has a major advantage - I've been walking around with my 4.5" Android for like a year and a half. Now the screens are over 5" and they work great. Those iPhones are a puny joke and it is showing in the sales.
    Feb 19, 2013. 12:40 PM | 3 Likes Like |Link to Comment
  • "For all its complexity, IBM (IBM +5%) continues to emphasize a simple goal – growing EPS through a variety of tools," writes CLSA. Big Blue's Q4 report and 2013 guidance indicate it remains quite successful in this respect in spite of minimal top-line growth, and the market is responding accordingly. As far as the top-line goes, UBS is encouraged by an upbeat earnings call and opportunities in focus areas such as emerging markets, analytics, and cloud solutions. ISI is more cautious, arguing IBM's valuation (12.3x 2013E EPS) is a little too high. [View news story]
    Faking EPS "growth" through share buybacks is detestable. I might be able to accept it for a few quarters if everything else looks good but absolutely not when there is no revenue growth. What a sick joke.

    IBM has major problems - all the developed governments that might spend the big bucks for their services are cutting every contract in sight, and they're also reducing IT spending by switching from IBM products to Red Hat. Revenue growth will require some serious leaning on emerging markets and/or M&A "magic".
    Jan 23, 2013. 12:12 PM | Likes Like |Link to Comment
  • The Market's Grand Illusion [View article]
    Excellent perspective, look forward to future articles. It has seemed like all the gains aside from the "cliff [un-]resolution" were due to short-covering, as you well pointed out, among other factors.
    Jan 10, 2013. 12:56 PM | 2 Likes Like |Link to Comment
  • Dividend Investors Are Getting Paid To Hold These Dividend Stocks [View article]
    S&P calculates its fair value at $32.90.
    Sep 13, 2012. 10:54 AM | 1 Like Like |Link to Comment
  • Maybe the best reason the Fed needs to undertake QE3 is its balance sheet has stopped expanding, i.e., to do nothing is to allow tight monetary policy. The last time the adjusted monetary base turned negative on a Y/Y basis, writes John Carney, we got QE2. [View news story]
    Hard to agree with this when previous QEs have resulted in so much cash on the sidelines waiting to be put to work.
    Sep 12, 2012. 07:26 PM | Likes Like |Link to Comment
  • The iPhone 5 doesn't feature an NFC chip because it isn't clear NFC solves any existing problem, says Apple (AAPL +1.4%) VP Phil Schiller. Others have made similar arguments, as Square's card readers become ubiquitous and NFC-based Google Wallet sputters. Also, Schiller claims Apple is cool to wireless charging because it doesn't remove the need for a wall charger, and USB connections are more flexible. Early NFC chip leader NXP (NXPI) won't be happy to hear Schiller's remarks. (more[View news story]
    Agree with Whitehawk. Closing the door on innovation there.

    And please explain to me how a USB charging connection is more flexible than no connection at all??
    Sep 12, 2012. 07:20 PM | 2 Likes Like |Link to Comment
  • Republican House Speaker John Boehner says he’s not sure Congress and President Obama can reach a deal to avoid the fiscal cliff. “I’m not confident at all,” Boehner quips. It may just be electioneering by the Republicans to keep the heat on the President going into October, but it's risky banter with a resolution already priced into the markets - like we have right now. [View news story]
    Vote them all out.

    That they don't solve this problem -before the election- is completely irresponsible. The very persons with the most responsibility in America are the least responsible.

    In fact, they should all be voted out if they cannot pass a budget prior to the budget year beginning every year. It is pathetic to continue operating on the prior year's budget. The damage this does is underestimated and ignored. It's time to start holding Congress accountable for doing their job.
    Sep 11, 2012. 08:06 PM | 2 Likes Like |Link to Comment
  • August Nonfarm Payrolls: +96K vs. consensus +125K, prior +141K (revised from 163K). Unemployment rate 8.1% vs. consensus 8.3%, 8.3% previous. [View news story]
    Funny watching CNBS spin this. Now it's bad so they're stumbling for reasons why it is inaccurate (esp. Liesman) and manipulated.

    Why don't they bring up these arguments when the number beats? When it beats they have only love for the NFP.
    Sep 7, 2012. 08:37 AM | 2 Likes Like |Link to Comment