"Apple's (AAPL) sorta cheap," says Jeff Gundlach, admitting he's now long the stock he famously shorted 100-200 points ago. He doesn't seem terribly excited about the company's business prospects, but - selling for 7x earnings (excluding cash) - a hot new product isn't necessary to make the investment profitable. "(Apple) can keep selling a whole bunch of expensive new phones and iPads, and they'll be a cash cow." [View news story]
well I am long AAP also , poor Gundlach with someone thinking it is BS that ANY of these guys announce their positions IS influential...as witnessed by the 5 comments following. Unfortunately I do not get any boosts from my announcements. Is he sharp, as a tack. It stilll does not mean He and the Musks of the world should get the opportunity to pitch for the team so to speak...
"Apple's (AAPL) sorta cheap," says Jeff Gundlach, admitting he's now long the stock he famously shorted 100-200 points ago. He doesn't seem terribly excited about the company's business prospects, but - selling for 7x earnings (excluding cash) - a hot new product isn't necessary to make the investment profitable. "(Apple) can keep selling a whole bunch of expensive new phones and iPads, and they'll be a cash cow." [View news story]
It must be nice to announce you are short AFTER you shorted then announce you are long AFTER you have gone long, just to get the crowd moving in your direction!
prices always rise into the weekend, hmmm. Having spent time in these pits it is easy to see that the hoodwinked populace just cannot see the forest hrough the trees, or can't pry away from FB. Either way the scammers will scam...can't wait for the keystone pipeline even better for the scammers...we'll go down tomorrow on a build and they'll pump it up for the holiday weekend, when they report traffic down (along with more fuel efficient fleet) oil will fall. Until the next pump...Easy Peasy
Banks and lobbyists got a look at the latest Fed minutes yesterday afternoon according to a list which shows the 150 e-mail addresses that received the release Tuesday. Among the big banks whose officials got the message: JPMorgan, Goldman Sachs, Nomura, and Citigroup.[View news story]
I am Shocked, shocked that there is gambling in this place!
Barrick Gold (ABX -8.3%) says it is suspending construction work on the Chilean side of the Pascua-Lama project while working to address environmental and other concerns to the satisfaction of Chilean authorities after a court shut down the mine. Construction activities in Argentina, where the majority of Pascua-Lama's critical infrastructure is located, are not affected. [View news story]
Gunmen have seized control of an oil tanker near Ivory Coast's port of Abidjan. The news comes after Algeria ended a siege at a gas plant in the Sahara. [View news story]
Are we sure it isn't the oil traders from GS whom have hijacked the tanker so as to give a little boost to their oil longs?
"Stocks soar on news of rapidly shrinking paychecks" is a headline you won't see today, but Nick Colas points out 79% of households make under $100K/year and are subject to the full brunt of the higher payroll tax which kicked in on Jan. 1 - removing 4% of their annual spending power. He sees it as a 50 bp drag on GDP growth in 2013. [View news story]
"Stocks soar on news of rapidly shrinking paychecks" is a headline you won't see today, but Nick Colas points out 79% of households make under $100K/year and are subject to the full brunt of the higher payroll tax which kicked in on Jan. 1 - removing 4% of their annual spending power. He sees it as a 50 bp drag on GDP growth in 2013. [View news story]
if they raise the level they collect above the max (around 109k now) and means test it, SS will be fine for awhile.
Fall Down Friday: Cliff Diving Special [View article]
It took you four years to figure out that you disagreed with his politics abd for "some good ideas now and then" not the sharpest tool in the shed are ye?
"Apple's (AAPL) sorta cheap," says Jeff Gundlach, admitting he's now long the stock he famously shorted 100-200 points ago. He doesn't seem terribly excited about the company's business prospects, but - selling for 7x earnings (excluding cash) - a hot new product isn't necessary to make the investment profitable. "(Apple) can keep selling a whole bunch of expensive new phones and iPads, and they'll be a cash cow." [View news story]
"Apple's (AAPL) sorta cheap," says Jeff Gundlach, admitting he's now long the stock he famously shorted 100-200 points ago. He doesn't seem terribly excited about the company's business prospects, but - selling for 7x earnings (excluding cash) - a hot new product isn't necessary to make the investment profitable. "(Apple) can keep selling a whole bunch of expensive new phones and iPads, and they'll be a cash cow." [View news story]
Oil Market Manipulation Reaches Absurd Levels [View article]
Oil Market Manipulation Reaches Absurd Levels [View article]
Sustainable Recovery Or Merely Another QE Induced Rally? [View article]
Banks and lobbyists got a look at the latest Fed minutes yesterday afternoon according to a list which shows the 150 e-mail addresses that received the release Tuesday. Among the big banks whose officials got the message: JPMorgan, Goldman Sachs, Nomura, and Citigroup. [View news story]
Barrick Gold (ABX -8.3%) says it is suspending construction work on the Chilean side of the Pascua-Lama project while working to address environmental and other concerns to the satisfaction of Chilean authorities after a court shut down the mine. Construction activities in Argentina, where the majority of Pascua-Lama's critical infrastructure is located, are not affected. [View news story]
More On Bitcoin [View article]
Gunmen have seized control of an oil tanker near Ivory Coast's port of Abidjan. The news comes after Algeria ended a siege at a gas plant in the Sahara. [View news story]
"Stocks soar on news of rapidly shrinking paychecks" is a headline you won't see today, but Nick Colas points out 79% of households make under $100K/year and are subject to the full brunt of the higher payroll tax which kicked in on Jan. 1 - removing 4% of their annual spending power. He sees it as a 50 bp drag on GDP growth in 2013. [View news story]
"Stocks soar on news of rapidly shrinking paychecks" is a headline you won't see today, but Nick Colas points out 79% of households make under $100K/year and are subject to the full brunt of the higher payroll tax which kicked in on Jan. 1 - removing 4% of their annual spending power. He sees it as a 50 bp drag on GDP growth in 2013. [View news story]
Fall Down Friday: Cliff Diving Special [View article]
Fall Down Friday: Cliff Diving Special [View article]
Fall Down Friday: Cliff Diving Special [View article]
Fiscal Thursday: To Cliff Or Not To Cliff - That Is The Question [View article]