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2MuchDebt

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  • July Nonfarm Payrolls +162K, unemployment rate 7.4% [View news story]
    Bernanke will not taper anytime soon nor will the next Chairman/Chairwoman, irrespective of the data. This guy doesn't want to take his foot off the gas and probably won't know when to do so. He's really enjoying the limelight as long as he can.
    Aug 2 08:55 AM | 2 Likes Like |Link to Comment
  • Apple (AAPL -1.3%) roundup: 1) Bloomberg reports Jony Ive's team is "racing to finish iOS 7," expected to feature a major UI overhaul, in time for a preview at June's WWDC. This meshes with what John Gruber reported hearing a month ago. Bloomberg also reports Ive has "met with makers of gesture [recognition] technology" - is Leap Motion among them? 2) Top Apple shareholder Fidelity Contrafund cut its stake by 12% in Q1; fund manager Will Danoff is worried about competition and margin pressure (previous). 3) Apple's collaboration with automakers has reportedly extended to creating in-car consoles that support iPhone docking and access to Maps/Siri. [View news story]
    That's mainly because its largest holding was Apple! Contrafund was the second largest mutual fund holder of Apple as of Feb 2013. Contrafund has outperformed the S&P 500 by 3.24 percentage points per year over the past 15 years. Not a bad track record rocback!
    May 1 03:47 PM | 2 Likes Like |Link to Comment
  • Apple Is Not Worth $460 [View article]
    @Ryche: You're missing the point, but this conversation will go on forever if we continue... EPS growth rate declined substantially and for the most recent quarter turned negative. This should be of some concern to investors... Obviously they're not going bankrupt per your sarcastic comment, but it is a concern. P/E doesn't look as good if negative EPS growth ensues; still relatively low, but not as strong. I figured some of you readers would understand this. FYI, I'm not an Apple bear and I enjoy / like the company's products.
    Feb 20 01:11 PM | 2 Likes Like |Link to Comment
  • The Sole Apple-Beater: Samsung Electronics [View article]
    No, I was talking about Article #3 from Shindoesca's post. Relax...
    Jan 4 12:08 PM | 2 Likes Like |Link to Comment
  • Apple And Microsoft: A Holiday Retail Study [View article]
    The technology sector changes so quickly, your statement of Microsoft being larger than Apple in 5 years is nothing but a hope and a guess. However, if recent history is of any relevance, that certainly will not be the case.

    Put it this way, I don't know of any of my friends, co-workers or acquaintances clamoring for a Microsoft product. Do you?
    Dec 21 08:35 AM | 2 Likes Like |Link to Comment
  • Apple (AAPL -3.6%) has sold off in early trading, apparently on news clearing firms are raising their margin requirements for positions due to fears of being too heavily concentrated in the $526B company. One firm, COR Clearing, raised its margin requirement to 60% from 30%. [View news story]
    Innovation matters, but profits and cash flow matter more. Apple continues to generate strong results for both.
    Dec 5 12:26 PM | 2 Likes Like |Link to Comment
  • More on the fiscal cliff talks: The President's opening bid - delivered this afternoon by Tim Geithner - calls for a $1.6T tax increase, a $50B economic-stimulus program, and delivering to the WH the power to raise the federal debt limit without congressional approval. It's a "step backward," says Mitch McConnell. It sounds more like what it's described as: An opening bid. [View news story]
    "...and the spending cuts are..." ====> more spending
    Nov 29 05:49 PM | 2 Likes Like |Link to Comment
  • Oct ADP Jobs Report: +158K vs. +155K consensus, 162K prior. [View news story]
    This is incorrect. The prior month was revised down from 162k to 88k (a net downward revision of 74k). Also, ADP canceled 365k private jobs created in 2012 YTD. Had ADP used its revised methodology, it would have missed 5 out of the past 7 Wall Street consensus estimates. Funny how the media doesn't focus much on this information.
    Nov 1 08:44 AM | 2 Likes Like |Link to Comment
  • 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?
    Oct 11 09:57 PM | 2 Likes Like |Link to Comment
  • IPhone 5 (AAPL) sales come in at "over 5M," well below expectations. (PR) AAPL -2.3% premarket. [View news story]
    The phone is not much different than the 4s. I'd still buy the 4s over the 5. A lot of people buying the 5 are the people that need the newest tech gadget and like to show off. Not worth the extra money in my opinion.
    Sep 24 08:49 AM | 2 Likes Like |Link to Comment
  • Some Facebook (FB -1.7%) news: 1) Facebook says it will start charging businesses for its Offers product, which allows businesses to publish promotions in their fans' news feeds, while expanding its availability to include online-only businesses. Offers is a form of indirect competition for Groupon (GRPN). 2) Facebook has hired Netflix (NFLX) engineering VP John Ciancutti to be its Director of Engineering. Ciancutti's hiring follows a string of executive departures[View news story]
    @ Debo08: I hope you're joking...
    Sep 20 02:03 PM | 2 Likes Like |Link to Comment
  • S&P futures +0.25%, giving up some premarket gains following the retail sales and CPI reports. Higher prices at the pump (absent wage growth) just suck consumer dollars from spending elsewhere. Backing out gasoline and autos, retail sales rose just 0.1%. (full report, .pdf) [View news story]
    It makes sense retail sales won't have sustainable growth when there are few jobs created and income growth is minimal. Bernanke did not help the inflationary cause yesterday with his announcement. He is blind to the fact that additional QE is not the answer.
    Sep 14 09:23 AM | 2 Likes Like |Link to Comment
  • Gundlach on the ECB's OMT: "If this circular financing scheme works, we've just solved thousands of years of economic problems," he says, expecting the world hasn't seen the end of EU debt issues and higher peripheral bond yields. [View news story]
    Exactly
    Sep 11 04:58 PM | 2 Likes Like |Link to Comment
  • Are shares of General Motors (GM -0.5%) suffering from the election-year blues? Derisively called Government Motors at will, the automaker increasingly catches flak for seemingly-innuocous moves in key election states such as Ohio, Michigan, and Pennsylvania. GM maintains its decisions aren't influenced by the government and that it sells cars to Republicans, Democrats, and everybody in between - but the conspiracy theory debate rages on. For investors, the issue is at the very least an irritation, and at most another headwind to contend with. [View news story]
    GM should change its name to OM (Obama Motors)
    Aug 27 12:48 PM | 2 Likes Like |Link to Comment
  • Draghi: Rumors of the demise of the euro are unacceptable, high government bond yields are unacceptable. ... the euro is irreversible.  [View news story]
    Sounds like Draghi is in denial.
    Aug 2 08:39 AM | 2 Likes Like |Link to Comment
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