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Good News for Transports: Well Played, Mr. Buffett

"If one wants to draw a conspiracy theory to all of this, they could very easily. After all, Mr. Buffet is very close to the Obama administration and he did invest heavily last year knowing things were very bad, worse than he let on. He also did this on the day that the transports were about to melt down as well, so, as I said, one could very easily draw conspiracy theories from this purchase."

Also, in addition to what Tony P. said, if he were sure of the coming 'meltdown', why wouldn't he postpone his purchase for a few weeks and save tens of millions? The 'theory' that he's basing his purchase to save a potential breakdown of the transports is truly ridiculous. Buffett doesn't even believe in technicals...

Buffett and Burlington: Betting on Growth

You're downsizing the importance of all the land BNI possesses. You'd have to know the exact value of said land in order to affirm this is exclusively a bet on growth and not value...

I'm guessing Buffett is way more capable than the author of figuring this out, and indeed, it appears that he has.

How Apple's Market Share Will Propel Stock to $500, Part 1

Right now, I think as far as consumers go, Apple has a lot more than 3% share in the US... A big portion of those alleged 97% figures for Microsoft (where's Linux/Unix, btw?) are in machines for businesses, which *are* prone to cut spending right now.


On Oct 23 11:28 AM BladRnr wrote:

> I agree, but it's happening none the less. Apple's latest quarterly
> earnings defied logic. Defied logic! Three million Macs in a severe
> recession. Maybe, just maybe, people would rather spend more on something
> that works, doesn't have viruses, is design-oriented and is seen
> as a complement to their iPhone or iPod. I can't explain it any other
> way. In this recession Apple should be doing poorly. All the pundits
> thought so last spring. But Apple just had their best quarter ever.
> I don't think it will take much to get them to 10% market share here
> in the States. It's not out of the question.

How Apple's Market Share Will Propel Stock to $500, Part 1

This is getting ridiculous. As much of an Apple fan I am, I cannot envision Apple expanding their market share enough to justify a $500 price tag on the stock and a market valuation of over half a trillion dollars (let's assume for a second that we mean $500 in today's dollars)

Don't you think that an extremely large increase in their user base wouldn't require a drop in prices? I really like Apple Macs and despite the fact that I view the premium paid as totally worth it, some people cannot and never will get beyond the higher price tag.

With Apple, There's a Fine Line Between Paying a Premium and Being a Sucker

And here I was thinking this article's title referred to Apple stock...

Now We're Really Due for a Pullback

"Would be even better to see Doug Kass bullish, but I don't think so."

Alex, isn't Doug Kass a contrarian by nature? I don't think he'd jump on the bullish camp with everyone else. Isn't being contrarian of a contrarian just following the herd?

Why Argentina's Talking Again

Great article. I'm from Argentina so I'm following the situation closely.

Quick editing note, though: the article's first two paragraphs are repeated again as the last two.

Don't Get Distracted By Premature Top Calls: 4 Reasons We're Heading Higher

"Ever since the Reagan administration tamed inflation in the early 1980’s, the Federal Reserve has done a wonderful job of controlling it. "

I stopped reading right there. Apparently someone thinks the govt CPI numbers are anything other than bullsh*t.

The Idiocy of "Sell in May and Go Away"

Couldn't agree more. Trading in accordance with catchy phrases and not fundamentals isn't the best way to go...

Cramer's Lightning Round - BAC Is Back (7/27/09)

Cramer is a joke. This is the same guy who, back in April, said he didn't like Apple at $125 because he felt it was overpriced. Now he loves it at $160.

What a crock of sh*t!

Goldman Sachs Raises Year-End Price Target - Should We Care?

I don't think it's a buy signal any more than it being a sell signal. Remember, a broken clock is right twice a day...

The Treasury's Pump and Dump Scheme for Bank Stocks

Buffet never said he'd put his entire net worth in Wells Fargo, period. He said he'd be willing to do that when the common for Wells was at $9.

You're implying Buffet is continuing to pump Wells, when in reality what he said was a whole lot different. And the market seems to agree with him, at least for the time being...

In Economic No Man's Land

Dear Mad Hedge Fund Trader,

Please stop pasting the same comment in every single macro article. Hell, you even did it twice on this one.

If It Looks Like a Bull, Walks Like a Bull, Acts Like a Bull…

"An unprecedented amount of economic stimulus and newly printed money has helped shift the primary fear from one of deflation to a possible loss of purchasing power caused by deflation."

Last one should be inflation...

Bear Market Rally: Hoping Cramer's Not the Ultimate Contrarian Indicator

I agree with the author's point of view. However, with Cramer having done so many calls on the overall market, one of them is bound to be eventually right, don't you think?

One might also recall Templeton's famous quote: "Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria". I'd say this rally is overdone, but with so many folks skeptical of it, I might not dare to short it either...