More on Windows 8: 1) A recent Forrester survey adds to fears of poor enterprise adoption. Only 1/3 of respondents said they expect/plan to use Windows 8, compared with 2/3 who said the same about Windows 7 in '09. 2) Shipping times for the $499 Windows RT Microsoft Surface model have risen - Microsoft reportedly ordered 3M-5M Surface units for Q4. 3) Windows RT and its pre-installed apps consume 12GB of storage (12x more than iOS). [View news story]
More on Windows 8: 1) A recent Forrester survey adds to fears of poor enterprise adoption. Only 1/3 of respondents said they expect/plan to use Windows 8, compared with 2/3 who said the same about Windows 7 in '09. 2) Shipping times for the $499 Windows RT Microsoft Surface model have risen - Microsoft reportedly ordered 3M-5M Surface units for Q4. 3) Windows RT and its pre-installed apps consume 12GB of storage (12x more than iOS). [View news story]
I hear you on #3 in principle, but who cares about an extra 11GB of used storage when standard hard drives now store 500GB at the low end and up to 2T on the high end. Windows 8 only consumes an extra 2.2% of hard drive space on the low end and 0.55% on the high end. System performance/features matters more.
According to a recent study, it appears that taking a multivitamin daily could reduce the risk of cancer. A large clinical trial of nearly 15K older male physicians followed for more than a decade found that those taking a daily multivitamin experienced 8% fewer cancers than the subjects taking dummy pills. Researchers say that it's a statistically significant reduction, and the findings will be presented today at an American Association for Cancer Research conference. Vitamin Shoppe (VSI +1%) and GNC Holdings (GNC +0.3%) both move higher on the report. [View news story]
There have been many studies about the health benefits of multivitamins. Unfortunately a lot of the studies, some of which include larger test groups, show just the opposite is true; that multivitamins negatively affect a person's health.
Spain could ask for a bailout in November, Reuters reports, adding that any request would be dealt with at the same time as a new debt program for Greece and a rescue of Cyprus. The report follows the ECB's Benoit Coeure saying on Friday that the bank could buy Spanish bonds even without the involvement of the ESM if Spain signs an MOU on the conditions for aid. [View news story]
The Fed will not respond in a "hasty manner" to good news on growth, says FRBNY President Dudley, reiterating the central bank's intention to continue with QE and ZIRP even after the economy picks up. As for the puny yields at the long end of the Treasury curve, they're not a bubble, he says. Feel better? [View news story]
Comical commentary from Dudley. The Fed is loosing credibility in my mind.
The U.S. is heading towards fiscal disaster and no one in Washington is doing anything about it, warns a trio of experts. Erskine Bowles and Alan Simpson - authors the Simpson-Bowles reform plan - along with Goldman Sachs CEO Lloyd Blankfein are concerned that investors are putting way too much faith in Congress and the White House to work out a deal. Those people are just "whistling around the market" right now, and they're likely to get creamed, Simpson notes. "They really believe honestly that no Congress could be this stupid, and by God, they can.” [View news story]
@Terry330: If you were offered a job where you would earn $1 million a year in salary and $2 million in additional benefits (stock options, bonus, etc) would you turn down the job opportunity? If you would turn down the job then good for you and I respect your arguments. However, if you would accept the job, which I would guess 99.9% of people would, then you are a hypocrite and your arguments are hollow. The U.S. is a capitalist society. If you dislike capitalism, I suggest you move to another country with different values.
What is not brought to the American people's attention are the donations and philanthropic activity of the wealthy. I would like to see some stats on this, but I know some ultra wealthy give back to society through philanthropic activities.
Some jobs offer more money than others. That's economics. It depends on the value created by the person in that job. Don't hate someone because they work hard or create a significant amount of value to someone or something. This reality won't change anytime soon.
The U.S. is heading towards fiscal disaster and no one in Washington is doing anything about it, warns a trio of experts. Erskine Bowles and Alan Simpson - authors the Simpson-Bowles reform plan - along with Goldman Sachs CEO Lloyd Blankfein are concerned that investors are putting way too much faith in Congress and the White House to work out a deal. Those people are just "whistling around the market" right now, and they're likely to get creamed, Simpson notes. "They really believe honestly that no Congress could be this stupid, and by God, they can.” [View news story]
I don't know if any of you are watching the Vice Presidential debate, but the moderator is terrible. Interrupting Congressman Ryan constantly and clearly favoring Democrats. Very unprofessional. Also, Biden is incredibly disrespectful. He's a disgrace of a VP. He needs to learn public manners because it's embarrassing to think he's our VP. I am more right leaning (shocker, I know), but I would say the same thing if this debate were skewed towards Republicans. Any thoughts?
In his first public speech since joining the central bank in May, Fed Governor Jeremy Stein (a FOMC voter) throws his full support behind QE. Worth keeping an eye on as he's likely to be a candidate to replace the chairman (should the President win reelection), Stein - like Bernanke - considers rising stock prices a sort of unofficial 3rd mandate of the Fed. [View news story]
It's now been nearly 2 months the bulls in the AAII Investor Sentiment Survey have remained below average. For the week ended Oct. 10, the bullish camp shrank 3.3 points to 30.6%. Bears acquired players from both the bull and neutral teams, growing 5.6 points to 38.8%. [View news story]
Tack: I'm not trying to be smart when I say this but if you're really bullish on equities then why isn't your portfolio more heavily skewed toward equities?
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
@kmi: The definition of socialism is an economic system which is substantially controlled by the government and government intervention within the system is prevalent. When I said “turning our country into a socialist nation” I was referring to the idea that we are moving in that direction away from a 100% capitalistic society. Bear that in mind as I list my reasons as you so kindly requested. 1) Welfare, including food stamps and government reliance, is at an all-time high. 2) Government regulation is getting way out of hand and exorbitant. 3) Government spending programs, most of which is wasteful in my opinion, have only increased in both breadth and depth since Obama took office. 4) The newly enacted healthcare law that requires all American's to have insurance and increases the governments influence in the healthcare system. 5) Obama's ideas surrounding income redistribution through higher taxes only on the rich. Obama is chastising the rich as bad people and trying to redistribute money from the wealthy to the poor. I’m not sure there are many other ways the government can engage in socialist activities than the ones outlined above except for intervention through majority equity ownership. We will never be a pure socialist society, but the meddling of the government in business and business activities needs to diminish.
The issue here is that Obama thinks the government can solve any and every issue. That is my point. Is that sufficient to appease you?
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
@ anonymous#12: I think it's hilarious that in your profile it says you value entrepreneurship, which by the way you spelled incorrectly, and yet you support Obama who is turning our country into a socialist nation. "One of the best days in America's history"? Haha... this guy has to be a person on Obama's re-election team because that statement couldn't be any farther from the truth. So Obama's helping his supporters by boosting equities? How many low income people own stocks, especially since the depths of the previous recession? And the number of American's on food stamps recently hit 46 million, a record high. I don't think the 1% is using food stamps... Unfortunately it sounds like you will vote for Obama no matter what happens. Brainwashed...
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
The jobs report is mediocre at best. Mid 100k in terms of monthly job gains is sub-par and highlights a struggling economy, especially as part-time jobs remain elevated. It shows a lack of confidence and growth prospects, especially considering the strength of corporate balance sheets.
Greece has until the end of November before its money runs out unless it receives the next tranche of its bailout, PM Antonis Samaras tells German newspaper Handelsblatt. Touching a German nerve by comparing Greece to the Weimar Republic, Samaras says the ECB could assist by accepting lower interest rates on its Greek debt and roll them over, while the ESM could be used to recapitalize the country's banks. [View news story]
Money well spent. I'd rather have a big bonfire with $100 bills.
Sep ISM Manufacturing Index:51.5 vs. 49.7 consensus and 49.6 prior. Prices index 58.0 vs. 54.0 prior. Employment 54.7 vs. 51.6. Inventories 50.5 vs. 53.0. New orders 52.3 vs. 47.1. [View news story]
Housing is surging??? Sure... Okay, I'll give you that housing is moving in the right direction, but it is not surging (poor choice of words). Also note the levels we're at. Take a look at these charts and tell me housing is surging / strong. Housing has also become a smaller portion of GDP over the last few years. 30 year mortgage rates have been at or below 5% since late 2008, which by the way was more than a 40 year low! What was holding people back? Oh that's right, credit quality and lack of confidence. Credit quality is still sub-par and confidence is slowly increasing. Also, the savings rate has been in decline recently and now stands at 3.7%. Not a lot of savings to sustainably drive our GDP figures higher (especially considering our continued weak non-farm employment figures). The Fed's stance on monetary policy should make clear that our economy is not strong and surging, it's weak and limping along. Otherwise, why the need for the unorthodox and dangerous policy actions of the Fed?
Though September's auto sales came in a bit on the sluggish side for GM and Ford, analysts still see the annualized rate of 14.9M as a bright spot in the economy. Moody's Mark Zandi notes the overall economic recovery would be "much weaker" without auto sales charging hard. [View news story]
Depends on who's buying the automobiles; government or consumer. Also, the credit strength of the purchaser is important as well.
More on Windows 8: 1) A recent Forrester survey adds to fears of poor enterprise adoption. Only 1/3 of respondents said they expect/plan to use Windows 8, compared with 2/3 who said the same about Windows 7 in '09. 2) Shipping times for the $499 Windows RT Microsoft Surface model have risen - Microsoft reportedly ordered 3M-5M Surface units for Q4. 3) Windows RT and its pre-installed apps consume 12GB of storage (12x more than iOS). [View news story]
More on Windows 8: 1) A recent Forrester survey adds to fears of poor enterprise adoption. Only 1/3 of respondents said they expect/plan to use Windows 8, compared with 2/3 who said the same about Windows 7 in '09. 2) Shipping times for the $499 Windows RT Microsoft Surface model have risen - Microsoft reportedly ordered 3M-5M Surface units for Q4. 3) Windows RT and its pre-installed apps consume 12GB of storage (12x more than iOS). [View news story]
According to a recent study, it appears that taking a multivitamin daily could reduce the risk of cancer. A large clinical trial of nearly 15K older male physicians followed for more than a decade found that those taking a daily multivitamin experienced 8% fewer cancers than the subjects taking dummy pills. Researchers say that it's a statistically significant reduction, and the findings will be presented today at an American Association for Cancer Research conference. Vitamin Shoppe (VSI +1%) and GNC Holdings (GNC +0.3%) both move higher on the report. [View news story]
Spain could ask for a bailout in November, Reuters reports, adding that any request would be dealt with at the same time as a new debt program for Greece and a rescue of Cyprus. The report follows the ECB's Benoit Coeure saying on Friday that the bank could buy Spanish bonds even without the involvement of the ESM if Spain signs an MOU on the conditions for aid. [View news story]
The Fed will not respond in a "hasty manner" to good news on growth, says FRBNY President Dudley, reiterating the central bank's intention to continue with QE and ZIRP even after the economy picks up. As for the puny yields at the long end of the Treasury curve, they're not a bubble, he says. Feel better? [View news story]
The U.S. is heading towards fiscal disaster and no one in Washington is doing anything about it, warns a trio of experts. Erskine Bowles and Alan Simpson - authors the Simpson-Bowles reform plan - along with Goldman Sachs CEO Lloyd Blankfein are concerned that investors are putting way too much faith in Congress and the White House to work out a deal. Those people are just "whistling around the market" right now, and they're likely to get creamed, Simpson notes. "They really believe honestly that no Congress could be this stupid, and by God, they can.” [View news story]
What is not brought to the American people's attention are the donations and philanthropic activity of the wealthy. I would like to see some stats on this, but I know some ultra wealthy give back to society through philanthropic activities.
Some jobs offer more money than others. That's economics. It depends on the value created by the person in that job. Don't hate someone because they work hard or create a significant amount of value to someone or something. This reality won't change anytime soon.
The U.S. is heading towards fiscal disaster and no one in Washington is doing anything about it, warns a trio of experts. Erskine Bowles and Alan Simpson - authors the Simpson-Bowles reform plan - along with Goldman Sachs CEO Lloyd Blankfein are concerned that investors are putting way too much faith in Congress and the White House to work out a deal. Those people are just "whistling around the market" right now, and they're likely to get creamed, Simpson notes. "They really believe honestly that no Congress could be this stupid, and by God, they can.” [View news story]
In his first public speech since joining the central bank in May, Fed Governor Jeremy Stein (a FOMC voter) throws his full support behind QE. Worth keeping an eye on as he's likely to be a candidate to replace the chairman (should the President win reelection), Stein - like Bernanke - considers rising stock prices a sort of unofficial 3rd mandate of the Fed. [View news story]
It's now been nearly 2 months the bulls in the AAII Investor Sentiment Survey have remained below average. For the week ended Oct. 10, the bullish camp shrank 3.3 points to 30.6%. Bears acquired players from both the bull and neutral teams, growing 5.6 points to 38.8%. [View news story]
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
The issue here is that Obama thinks the government can solve any and every issue. That is my point. Is that sufficient to appease you?
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
Greece has until the end of November before its money runs out unless it receives the next tranche of its bailout, PM Antonis Samaras tells German newspaper Handelsblatt. Touching a German nerve by comparing Greece to the Weimar Republic, Samaras says the ECB could assist by accepting lower interest rates on its Greek debt and roll them over, while the ESM could be used to recapitalize the country's banks. [View news story]
Sep ISM Manufacturing Index: 51.5 vs. 49.7 consensus and 49.6 prior. Prices index 58.0 vs. 54.0 prior. Employment 54.7 vs. 51.6. Inventories 50.5 vs. 53.0. New orders 52.3 vs. 47.1. [View news story]
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Though September's auto sales came in a bit on the sluggish side for GM and Ford, analysts still see the annualized rate of 14.9M as a bright spot in the economy. Moody's Mark Zandi notes the overall economic recovery would be "much weaker" without auto sales charging hard. [View news story]