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Epictetus

Epictetus
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  • "Apple's (AAPL) glory days are now behind it," said FBN's Shebly Seyrafi on Thursday morning with the stock at $450. On Sept. 13 - the day after the iPhone 5 launch and the shares at $680 - Seyrafi reiterated a Buy rating and boosted his price target to $1,000. (FBN now maintains an Outperform on Apple with a lowered target of $650.) [View news story]
    Once again highlighting the value of most sell side research....priceless!
    Jan 26 04:12 PM | 13 Likes Like |Link to Comment
  • Don't trust this rally; it's a major bull trap, says currency analyst Christopher Vecchio. Pressures on global financial markets are too intense to support a sustained run in stocks right now. All it will take is just a few gusts of negativity to derail the entire train.  [View news story]
    Sounds like he's caught on the wrong side of the market to me...
    Jun 12 08:16 PM | 5 Likes Like |Link to Comment
  • 32% of respondents to ChangeWave's September North American survey said they're "very likely" (19%) or "somewhat likely" (13%) to buy the iPhone 5 (AAPL) - that's up from the 21.5% who showed interest in the iPhone 4S in an Oct. '11 survey. Meanwhile, just 2% said they're "very likely" to buy a Windows Phone 8 device, while another 7% said they're "somewhat likely." The iPhone has been gaining share against Android in the relatively saturated U.S. even as the opposite holds for some other markets. [View news story]
    Plato said it best some 1500 years ago, "the masses are incurably ignorant", and that has never been as true as it is today. How so many, with little if any savings, can continue to fall prey to our "debt fueled consumer society" escapes me.
    Oct 12 01:01 PM | 3 Likes Like |Link to Comment
  • A report ordered by Congress formally concludes that the FDA should limit the amount of salt in restaurants and package foods to lower the risk of heart disease. Sources indicate that the report is the jumpstart legislators need in order to initiate a comprehensive phase-down of the use of salt in the $600B food industry. [View news story]
    Listen, at some point society must demand that people be held accountable for their own decisions. The last thing we need today is to continue to allow the State to add layer upon layer of unnecessary regulations that are successful, inevitably, at only driving up producer cost and consumer prices.
    Oct 2 07:41 AM | 3 Likes Like |Link to Comment
  • G20 financial leaders will reportedly consider a proposal to reduce public debt to below 90% of GDP when they meet in Washington this week. The EU, whose average debt is already at 90% - notwithstanding the crisis in the periphery - wants the G20 to cut even further, and has a target of 60% for its members. A major problem with any these aims is Japan's ratio of over 200%. [View news story]
    The chains of a habit like debt are to light to be felt until they are too heavy to be broken
    Apr 14 10:47 AM | 2 Likes Like |Link to Comment
  • Helping Citigroup (C +3.2%) rally today is an upgrade to Hold from long-time critic Meredith Whitney. Whitney praises Citi's improving operating metrics and low valuation, and says she's impressed with the rebound in the bank's equity trading and FICC ops demonstrated by its Q1 report. “She’s starting to sound a little like Dick Bove," quips Pete Najarian. (earlier)  [View news story]
    why anybody listens to this "chick" reminds me of a famous quote from a Salomon trader back in the 80's, "Those who say don't know, those who know don't say"......enough said.
    Apr 17 04:14 PM | 2 Likes Like |Link to Comment
  • Davenport downgrades a few coal stocks this morning, citing a lack of catalysts and headwinds from cuts in production, lowered guidance and rising thermal coal inventories. The firm cuts Alpha Natural Resources (ANR +1.2%), Peabody Energy (BTU -0.2%) and CONSOL Energy (CNX +2.7%) all to Neutral.  [View news story]
    One more sell side analyst asleep at the wheel. Who says these guys don't add value!!
    Mar 23 11:19 AM | 2 Likes Like |Link to Comment
  • Argentine President Kirchner’s takeover of YPF to trim energy imports is backfiring and threatening to narrow the country’s trade surplus needed to pay debt, according to a Bloomberg report. One year after the nationalization, output is flat and foreign investment needed to tap the world’s third-largest shale deposit hasn’t materialized. Meanwhile, energy imports may reach a record $15B. [View news story]
    Historically socialism has always proven to be failed policy regardless of origin.
    Apr 12 09:53 AM | 1 Like Like |Link to Comment
  • JPMorgan's Tom Lee - who turned bearish early this year before turning bullish by January's end - turns bearish again, seeing no catalyst for further gains, but plenty of "vulnerability" to downside surprises. Better entry points for new money, he says, will be found later in H1. Where can we apply for this job? [View news story]
    useless as "tits on a bull", like all the other so called 'strategists" on the street.
    Feb 22 11:12 AM | 1 Like Like |Link to Comment
  • Financials add to the regular session's big gains as Meredeth Whitney gets bullish on the sector, particularly Bank of America, Citigroup, and Discover. The catalyst for the group will be the March release of the Fed's stress tests showing them adequately capitalized, paving the way for more share repurchases and dividend bumps. BAC +2.1%, C +0.5%, DFS +2.3%, XLF +0.4% AH. [View news story]
    useless as tits on a bull.......
    Dec 17 08:09 PM | 1 Like Like |Link to Comment
  • "Don't underestimate what could happen here," says Mike Mayo of the regulatory risk to banks. Think of all Japanese banks have gone through, then add to that a government "going after" them, and you get the U.S. environment. He remains underweight the financial sector, with Wells Fargo (WFC) as his top pick.  [View news story]
    What do you get when you put Mike Mayo and Meredith Whitney market calls together, with one last round of capitulation for good measure? Give up?....... an ideal long term investment opportunity...
    Jun 14 09:54 AM | 1 Like Like |Link to Comment
  • Corinithian Colleges (COCO -14.3%) shoots lower as the company warns a "number of challenges" will keep earnings and revenue below that mark forecast by analysts. A major factor weighing on future enrollment is the loss of federal funding for students who don't have a high school diploma of GED. (Earlier: earnings[View news story]
    yep, all they had to do before is wheel them in, prop them up and encourage them to fog glass.....pretty good gig all right!
    May 3 11:45 AM | 1 Like Like |Link to Comment
  • The view from China is that U.S. politicians miss the big picture as they prattle on about the impact of a Chinese company buying Smithfield Foods (SFD -0.2%). Despite the focus on the Smithfield deal, China still doesn't rank in the top 20 nations for foreign direct investment in the U.S. According to groups supporting China acquisitions, those investments help bring the cultures closer which can ultimately mean more sales for U.S. firms (Nike, McDonald's, Coca-Cola, etc.) in China. [View news story]
    nothing new...we fear that which we do not understand!
    Jun 10 09:59 AM | Likes Like |Link to Comment
  • Argentina's Congress passes controversial legislation pardoning tax evaders if they invest their hidden cash in construction projects or use it to buy bonds to help finance state-run oil company YPF (YPF -1.6%). The law aims to bring much-needed U.S. dollars into the economy, but opponents say it places the interests of criminals ahead of law-abiding citizens who pay their taxes. (earlier[View news story]
    desperate measures from a failed socialist state.
    May 30 11:56 AM | Likes Like |Link to Comment
  • Post-election, small business owners turn their most pessimistic since Q3 2010, according to the Wells Fargo Small Business Index. The gauge dove 28 points to -11 in a survey conducted Nov. 12-16. "This is an eye-opening drop in optimism," says Wells' Marc Bernstein. [View news story]
    little surprise.....socialism has never proved successful.
    Nov 30 08:10 AM | Likes Like |Link to Comment
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