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Dr. Jackpot

Dr. Jackpot
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  • Apple Is Not Worth $460 [View article]
    You have to have the interest income from $30,000 in a secure source to pay for a smart phone. Don't kid yourself. If you don't have it you have borrowed it when you sign up for the phone just like buying a car to drive to work. So you have paid $30,000 for the privilege of useless jabber to your adolescent friends. But you still don't own a home or maybe even the clothes on your back.
    Mar 3 10:29 AM | 2 Likes Like |Link to Comment
  • President Obama is due to meet with Congressional leaders today to discuss the $85B of automatic spending cuts that are due to take effect at 11.59 pm tonight - on the by now fairly strong assumption the sides don't find a way to delay the reductions once more. While the White House has been issuing dark warnings about the effects of the cuts, there's much confusion about which programs will be hit. [View news story]
    ho hum------another day-----another lie
    Mar 1 06:17 AM | 3 Likes Like |Link to Comment
  • Italy's jobless rate increased to its highest level in at least 21 years in January, rising to 11.7% from 11.3% in December. The picture is even uglier for youth unemployment, which climbed to a record 38.7% from 37.1%. Meanwhile, manufacturing PMI fell to 45.8 in February from 47.8 in January. The MIB's not reacting well and is -1.5%, although the bond market seems fairly calm, with 10-year yields -1 bps at 4.73%. [View news story]
    an American friend of mine living in Rome for over 20 years said Italians "Don't do anything".
    Mar 1 06:12 AM | Likes Like |Link to Comment
  • Eurozone unemployment continued to hit new records in January, increasing to 11.9% from 11.8% in December and vs expectations of 11.8% also. The number of people without a job rose by 201,000 on month to just under 19M. Youth unemployment was 24.2%, with the figure in Spain more than double that at 55.5%. (PR[View news story]
    just plain lazy actually
    Mar 1 06:06 AM | Likes Like |Link to Comment
  • Nokia: HERE We Go [View article]
    The true cost of a smart phone is $30,000 because that is what you must have invested in interest bearing vehicles to pay the monthly bills. Few people need one. It's a fad like Facebook thing. Most people never go anywhere without knowing how to get there beforehand. It's a toy made to look like one of life's essentials like food and oxygen. I realize it's hard to resist new toys but it still makes you a smuck if you have to 'earn' a living.
    Mar 1 05:59 AM | 3 Likes Like |Link to Comment
  • A Closer Look At Kinder Morgan Energy Partners' Distributable Cash Flow As Of Q4 2012 [View article]
    I sold my KMP reluctantly yesterday. I'm not smart enough to follow this article but I only know one thing. The pleasure of gaining $1 per share will never equal or exceed the sorrow or depression of losing $1 per share. I guess I am destined to mow lawns for a living but at least I know what I'm doing.
    Feb 27 10:48 AM | 3 Likes Like |Link to Comment
  • Bernanke's Kryptonite [View article]
    On January 1, 2013 Walmart raised the price of a 6.8 oz. Hershey bar from $1.67 to $1.97. This is not inflation?
    Feb 18 12:54 PM | 1 Like Like |Link to Comment
  • Bernanke's Kryptonite [View article]
    Factual data you requested to prove inflation:
    I generally go over to the bakery and buy a fresh doughnut for $1 about twice a week. Last week it was raised to $1.25 by the Chinese baker/owner. I realize Bernanke has told me this is not inflation but what is it???
    Feb 18 12:48 PM | Likes Like |Link to Comment
  • Bernanke's Kryptonite [View article]
    You asked for factual data so here is a real one. I generally go over to the bakery and buy a fresh doughnut for $1 once or twice a week. Last week the price was $1.25. Now tell me how you deny this is inflation and I'll eat a piece of cardboard on the corner of Wall Street and Main.
    Feb 18 12:42 PM | 1 Like Like |Link to Comment
  • Kinder Morgan (KMP) agrees to acquire Copano Energy (CPNO) for $3.2B in stock, or $5B including debt, with Kinder's offer of $40.91 a share representing a 23.5% premium to Copano's close yesterday. The deal will provide Kinder with natural gas assets in Texas, Oklahoma and Wyoming, adding 6,900 miles of pipelines to the company's 46,000 existing miles.  (PR[View news story]
    Makes sense to me.
    Jan 30 12:51 PM | Likes Like |Link to Comment
  • Kinder Morgan (KMP) agrees to acquire Copano Energy (CPNO) for $3.2B in stock, or $5B including debt, with Kinder's offer of $40.91 a share representing a 23.5% premium to Copano's close yesterday. The deal will provide Kinder with natural gas assets in Texas, Oklahoma and Wyoming, adding 6,900 miles of pipelines to the company's 46,000 existing miles.  (PR[View news story]
    I still don't understand it but I see the stock is down sharply. Does anybody know why or is this just confusion in control. Looks to me like a good deal actually.
    Jan 30 11:33 AM | 1 Like Like |Link to Comment
  • Kinder Morgan (KMP) agrees to acquire Copano Energy (CPNO) for $3.2B in stock, or $5B including debt, with Kinder's offer of $40.91 a share representing a 23.5% premium to Copano's close yesterday. The deal will provide Kinder with natural gas assets in Texas, Oklahoma and Wyoming, adding 6,900 miles of pipelines to the company's 46,000 existing miles.  (PR[View news story]
    After reading the referenced press release I'm confused. Does this mean KMP holders will receive an increased distribution due to this deal or a decreased distribution to help pay for the acquisition?
    Jan 30 07:41 AM | Likes Like |Link to Comment
  • Nokia (NOK -2.7%) ticks lower following a downgrade to Underweight from Barclays' Jeff Kvaal: he argues "neither Lumia nor Windows Phone has reached critical mass," and claims "CES checks showed few signs WP8’s promise is converting to sustained demand." Moreover, Kvaal believes Nokia, which expects to report 4.4M Lumia sales for a supply-constrained Q4, will need to sell 10M-12M Lumias/quarter for its Smart Devices ops to break even, assuming a €225 ASP, 20% gross margin, and €2B in opex. (April downgrade[View news story]
    I bought Nokia stock and sold it the next day because I thought the software did not work as I had thought. Then 3 days later I found out the software DID work to my liking but by then the stock had soared and I was left at the station. Should I go back in? I love that new 920 and believe they did a wonderful design. I'm not into millions of app's for the I5 and think most of them are wasteful garbage so I don't care a hoot about app's.
    Jan 15 01:09 PM | Likes Like |Link to Comment
  • Kinder Morgan Partners (KMP +1.1%) boosts the size of its proposed expansion of the Trans Mountain Pipeline by $1.3B to $5.4B after signing up more customers for the project aimed at carrying Canadian oil sands crude to the Pacific Coast. KMP says the expansion should result in pipeline capacity of 750K-890K bbl/day, up from the previously proposed 700K. [View news story]
    oil me baby!
    Jan 10 07:03 PM | Likes Like |Link to Comment
  • Seniors Screwed By Fed Policies [View article]
    Are we also entitled to lose 6% of our purchasing power each year? Does that confound you also or do you have too much to care?
    Dec 24 10:34 AM | 1 Like Like |Link to Comment
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