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  • The Nationalization Debate [View article]
    Why nationalise? "Too big to fail"... Those words say it all.

    The US banking system is literally taking the country down. It's like a leech, sucking US citizens dry.

    They should have failed. They all should have been allowed to fail. That decision was taken though and you now have a whole bunch of zombie leeches still sucking away at the bleached white corpse which was America.

    You all need to ask yourselves "What is money?". What is the nature of money? What affect does the nature of money have on the society I live within? Either that or just keep feeding the leeches.
    Jan 20, 2009. 05:28 PM | 8 Likes Like |Link to Comment
  • Nokia Lumia 1020 Edges The Company Back Into Conversation [View article]
    I recommend you go to the blog and take a look at the full photos, the zoom capabilities on this thing are awesome. On the last photo for example you can tell the walking model has shaved her legs. :-)

    This is a *camera* phone make no mistake, and it's done properly, not like the Samsung abomination. I think this is fundamentally why I'm holding NOK, quality matters.
    Jul 12, 2013. 03:58 PM | 7 Likes Like |Link to Comment
  • "It is time to break up Google (GOOG)," writes Richard Sennett of the London School of Economics. "The problem is simple: the company is just too powerful, as are Apple (AAPL) and many other big tech groups." Sennett harks back to when the Supreme Court broke up Standard Oil in 1911, when "an overmighty business was shattered into 33 shards." He also cites the progressives of a century ago, such as Herbery Croly, who believed that successful start-ups would extinguish competition and become monopolies. Breaking them up "would set talent free." [View news story]
    There are alternatives to Apple, alternatives to Google. Nothing more need be said on the matter.

    Monopolies are by nature unstable, they enforce iniquitous costs on their customers and have to be maintained by force of government. Remove the government backing and they collapse.
    Jun 30, 2013. 02:52 PM | 7 Likes Like |Link to Comment
  • Checks indicate demand for Nokia's (NOK -5.2%) Lumia 920 is "solid" at AT&T, but well behind demand for the iPhone 5 and Galaxy S III, says Raymond James' Tavis McCourt, who reiterates an Underperform. Moreover, McCourt thinks commentary from AT&T reps about the 920 "was very similar to the April launch of the Lumia 900, but with a lot more supply issues." He adds the 900 was on Amazon's top-10 bestseller list for 2 months, and that HTC and Samsung's Windows Phone 8 models also face supply problems. (previous: I, II, III[View news story]
    No question in my mind that the media is a battle ground which people attempt to influence markets in their favour.

    That's what the media is for though, spreading propaganda. It's been that way since the first radio signals. Before that newspapers and books. I wouldn't describe it as shady though. I just assume that everyone is talking their book. Someone says X sucks, they're short X and long Y. Once X is low they'll be long X and short Y.

    I wouldn't believe a word of anything printed in the media, including SA. It's all propaganda from one interest group or another. Under the best circumstances journalists rarely even get people's names correct, never mind anything more complex than that. Even better, if people are handing out pre-written articles you can simply publish, think just how lazy you could be and still get paid!
    Nov 27, 2012. 06:35 PM | 7 Likes Like |Link to Comment
  • Apple Has Peaked: The Warning Signs Are Multiplying [View article]
    The telling point is that the Apple management have no idea what do do with the money. Yes they have been raking it in at the top for a couple of years now ... And then? The iPhone 5 ...



    The rest of the market just stepped past. You saw it live, Apple ended their growth story all by themselves. It'll become clear in a few quarters but I warn you the big boys will be keen to get out, long before clarity.
    Oct 28, 2012. 04:38 PM | 7 Likes Like |Link to Comment
  • 'Weak' Apple iPhone 5 Sales And Maps: Eat Cake [View article]
    "Past Performance is No Guarantee of Future Results"

    Nobody ever listens though. Going up the front side of the bubble is always a lot more fun than sliding down the back side.
    Oct 11, 2012. 09:53 AM | 7 Likes Like |Link to Comment
  • 'Weak' Apple iPhone 5 Sales Are A Glitch [View article]
    Actually Android is outselling iPhone something like 2:1.
    Sep 29, 2012. 07:51 AM | 7 Likes Like |Link to Comment
  • Nokia (NOK) doesn't pass up the chance to gloat over the harsh response (I, II) to Apple's (AAPL) iOS 6 Maps app. "Unlike our competitors ... we completely own, build and distribute mapping content, platform and apps," the company proclaims. A Google Maps (GOOG) exec also takes aim at Apple, declaring "it takes a long time and effort to figure out how to do this right." BI notes Google has 1,100 full-time employees and 6K contractors working on Maps. (Nokia Maps deals: I, II[View news story]
    You're misinformed.

    *Nokia* is providing maps for Amazon... And for Microsoft.

    I'm long *NOK* for a reason. How do you pick stocks? Dice rolls?
    Sep 22, 2012. 12:43 PM | 7 Likes Like |Link to Comment
  • Nokia (NOK) doesn't pass up the chance to gloat over the harsh response (I, II) to Apple's (AAPL) iOS 6 Maps app. "Unlike our competitors ... we completely own, build and distribute mapping content, platform and apps," the company proclaims. A Google Maps (GOOG) exec also takes aim at Apple, declaring "it takes a long time and effort to figure out how to do this right." BI notes Google has 1,100 full-time employees and 6K contractors working on Maps. (Nokia Maps deals: I, II[View news story]
    Lets see. Navteq was about 5000 people when Nokia bought them. That's quite a lot of people out there on the streets looking at the real world in order to make maps which are more than useless cartoons. Google also has a *big* mapping division.

    Apple's problem is ... It's R&D organisation is tiny and it shows in the iPhone 5 and in their maps. All the iPhone 4 users I know who rushed out to update, the universal response after an hour is "Meh, it's just the same". The device is basically identical to the iPhone 4, they've done nothing, no significant development on it. Guess where those margins come from. This might work in the short term, but Nokia Lumias are already 2 steps ahead of Apple technologically (sorry, *at least* 3 steps ahead, I forgot about the maps) and that's only going to increase as Apple refuse to spend money, when that cash pile does get spent, the stock valuation will go with it. Either way, Apple's a bubble.

    (Long NOK)
    Sep 22, 2012. 06:10 AM | 7 Likes Like |Link to Comment
  • Bernanke has gotten a lot of grief for his confidence that any recent inflation is "transitory." (I, II, III) But after this week's commodities rout and the latest jobs data showing no wage pressures at all, ol' Ben's starting to look pretty good, isn't he?  [View news story]
    Please explain how pumping 2.6 trillion dollars into the treasury market is anything but central planning?
    May 7, 2011. 04:04 AM | 7 Likes Like |Link to Comment
  • How will we know when the bull market is finally coming to an end? The top identifying indicators Ned Davis uses fall into four major categories: valuation, sentiment, market breadth, interest rates. Despite “a number of things about this market that concern me as a risk manager," particularly excessive sentiment, he still “leans bullish.”  [View news story]
    As Jerry says, this isn't a normal market, the Fed is buying. with our monetary system, the market can only "grow" if credit is being created. Well, consumers aren't creating credit, businesses are not, home buyers are certainly not. The banks are handing all their junk over to the Fed... The only reason it's going up is the Fed & the government.

    And that all ends in June one way or another.

    Apr 15, 2011. 08:17 PM | 7 Likes Like |Link to Comment
  • Nokia: It's About Sending A Message [View article]
    This is just buy the rumour sell the news.
    Jul 9, 2013. 02:29 PM | 6 Likes Like |Link to Comment
  • Market recap: Stocks trimmed the worst of their losses as various Fed officials tried to downplay taper fears but remained broadly lower, with declining issues clobbering advancers seven to one, amid rising Treasury yields and a possible cash crunch in China. Treasury prices reversed off early lows, with the 10-year yield finishing at 2.54% after earlier pushing ~2.66%, but that's still up 35 bps from last Tuesday. [View news story]
    Yeah. Nothing at all to do with the Fed promising to stop giving away $85 billion a month of free money. Couldn't possibly have had any effect on the markets.
    Jun 24, 2013. 05:36 PM | 6 Likes Like |Link to Comment
  • Gold Going To $500? [View article]
    Gold goes to $500 means oil's going to $30.

    And you know what that tells you about demand. I mean it might well do, but the S&P will be at ~500 right along with gold.
    May 16, 2013. 02:30 PM | 6 Likes Like |Link to Comment
  • Nokia's Perplexing Q1 2013 Results [View article]
    Not the point. Lumia did OK, a 27% quarter increase is nothing to be sniffed at.

    The Mobile Phone division is where the current problem lies. They saw a decline of 20 million and a decline in average selling price. So they're going to have to think very hard about what they're producing, and WP doesn't run at all on the hardware we're talking about here.

    First of all the report says the keyboard based devices did worst, so I suspect we'll see most of them simply getting cut.

    Then if you look at the user interface and physical design cues for Asha, they are very much related to the Symbian devices, not Lumia, clearly they were designed around the same time as the Symbian ones. i.e. they've been concentrating on turning round smart devices, not mobile phones.

    e.g. Symbian range designs:

    Asha range designs:

    Lumia range design:

    They need to refresh the low end design to match Lumia, to give a single look and feel to Nokia devices. At the moment the two ranges look like they're coming from entirely different companies.

    Note. The reduction in HERE's revenue is related to internal payments from their phone divisions.
    Apr 18, 2013. 04:30 PM | 6 Likes Like |Link to Comment