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  • Apple: What's A Proper Buyback? [View article]
    What you are missing Hannes is that the high growth you refer to is not sustainable, which is why the market ascribes a much lower valuation to the stock. Think about it carefully, are you really smarter than the market?

    Additionally, if you and the rest of the AAPL bulls were to step outside your AAPL bubble every once in a while you'd discover that the world is descending into its first ever synchronised recession -- hardly bullish for a consumer products company. Or perhaps Tim Cook will turn the company into a hedge fund and short the market?
    Apr 1, 2015. 10:48 PM | 1 Like Like |Link to Comment
  • Apple: What's A Proper Buyback? [View article]
    A constant stream of buy-backs is AAPLs only hope of price appreciation from current levels.

    Like many other major companies AAPL is merrily consuming capital by buying its own over-valued stock. When the Sheeple eventually realise what's going on it'll be too late.
    Mar 31, 2015. 05:51 PM | Likes Like |Link to Comment
  • Samsung S6 Will Keep Up Competition With Apple [View article]
    If you believe Apple is going to $179 I would start preparing yourself for severe disappointment or worse, a life of abject poverty. AAPL has done well to get to $123 and the market is topping out at the moment. Ahead of us is a crash that will make 2008 look like a children's tea-party .... and AAPL will not be untouched in the carnage.
    Mar 25, 2015. 08:14 PM | 1 Like Like |Link to Comment
  • Gold ETFs see outflows in March [View news story]
    These flows really have very little to do with the price of gold and everything to do with meeting the insatiable demand of China and other Asian nations. Once ETF holdings are drained will western Central Banks step into the breach? If they don't, the gold price is going to head north with indecent haste.
    Mar 24, 2015. 09:07 PM | 1 Like Like |Link to Comment
  • Evans: Fed's biggest risk is hiking too soon [View news story]
    Most intelligent people, of course, will have spotted by now that a 0.25% rise will make no difference whatsoever to the real economy. It's the damage it will do to financial assets (i.e the massive bubble we're in) that worries the Fed so much - in other words, they are trapped.

    So, what to do? Keep rates at zero 4EVA and pray to the gods that the bubble doesn't burst of its own accord (which it will) or just try a leeeetle rate rise and see if the baby throws all toys out of its pram ...

    Central bankers are living on borrowed time and the sooner they are all swept into the sea never to be seen again, the better for all citizens of the world.
    Mar 19, 2015. 08:30 PM | Likes Like |Link to Comment
  • Samsung S6 Will Keep Up Competition With Apple [View article]
    How are all ye Apple stock bulls these days?

    Still buying with a $200 target in mind?

    Still have all retirement savings invested in one company?
    Mar 17, 2015. 09:30 PM | 1 Like Like |Link to Comment
  • Will The Next FOMC Meeting Bring Down GLD? [View article]
    Huh? The US economic data has been weak and getting weaker.

    The only data that has shown any strength is the hopelessly unreliable NFM - which is a lagging indicator, thus the disconnect with the rest of the declining US data.

    Since July 2014, the DXY (USD) has risen 25%, during which time Gold has declined 12.5%. You don't need to be an Ivy League scholar to recognise that gold has actually held up reasonably well on a relative basis.

    Treasury yields have been rising but the 30yr has had a big reversal in recent days peaking at 2.84% ... now 2.68%.

    A rate rise is by now fully baked into the gold price and only the prospect of several more rate rises will impact gold. The idea that the Fed will do more than one or two rises in total (if any at all) is laughable.

    And just FYI: the gold bull market that began in 2001 started a day after the Fed did its first rate rise ....
    Mar 16, 2015. 08:27 PM | 3 Likes Like |Link to Comment
  • Gold - The Oversold Commodity That Is Worth Picking Up [View article]
    Gold is only in a down-trend against the Dollar. Against virtually every other currency it is in an up-trend.

    Ergo, gold's price is purely a $ phenonemenon and not an issue with the metal itself.

    Gold's low point just prior to the start of the last bull market in 2001 coincided with the first of the Fed's rate increases. After that gold headed north in lock step with rates.

    For short-term trading wait to see if the metal tests last year's low of $1141. If it trades through that level and sticks it then another $80 drop could be in the offing. If a higher low is set then that is more likely to be short-term bullish.
    Mar 9, 2015. 09:27 PM | 1 Like Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    You fall into the ultimate Keynesian trap:

    C'mon people spend, spend or GDP will suffer!!

    How about a little saving for a change? You know, investment. Without saving and investment there cannot be any spending. Eventually we'll reach debt saturation and there'll be no spending at all.

    Surely this is obvious.
    Mar 9, 2015. 09:18 PM | Likes Like |Link to Comment
  • Stress test roundup: How the lenders stack up vs. last year [View news story]
    Stress test white-wash ...

    There is, of course, no bank that could stand on its own two feet in the midst of a banking system melt-down. Why? Because the inherent leverage is so high even a modest decline in the value of assets on BS would threaten solvency. Not to mention the fractionally reserved deposits which means that banks, by definition, trade while effectively insolvent.

    Luckily, banking regulators now allow banks to mark all assets (except trading book securities) to make believe so banks can be as solvent as they like. Perfect!
    Mar 6, 2015. 06:03 AM | 1 Like Like |Link to Comment
  • Gold Rally Underway, But First Test Dead Ahead [View article]
    With the greatest respect, gold cannot be analysed as if it were a commodity. This is because the vast majority of mined gold is not consumed - it is held for investment purposes. The amount of gold that exists above ground is held to be around 175,000 tonnes which means that all of that is potential supply to the market at any given time (jewellery would take a bit of time to reform into a marketable form but it is ultimately available for sale).

    Gold should therefore be analysed as a currency and its demand will determined by whether investors prefer to hold gold over other currencies or vice versa.

    This is a fundamental error made by the vast majority of analysts in this space.
    Mar 2, 2015. 05:07 PM | Likes Like |Link to Comment
  • Apple iPad Sales May Surprise In FY 2016 [View article]
    Global economy collapses .... iPad sales rise ...

    Yup, sounds feasible.
    Feb 24, 2015. 07:18 PM | 1 Like Like |Link to Comment
  • S&P 500 Earnings Multiples At Market Peaks [View article]
    By almost every measure the market has never been more expensive.

    That won't stop the sheep from piling in though ... and being slaughtered.
    Feb 24, 2015. 01:04 AM | 2 Likes Like |Link to Comment
  • GLD Drops 1.78% After FOMC Lockhart's Confident Florida Speech [View article]
    Smart investors know the U.S. economy isn't as strong as portrayed by the Fed. Any rate rise will be short-lived, assuming there's one at all. Added to which, Dollar strength is negative for the economy and will cause the inflation target to fall well short of 2%.
    Feb 15, 2015. 01:55 AM | 2 Likes Like |Link to Comment
  • Go Long SPY Now - Market Turn At Hand [View article]
    The market is almost back to its all-time highs so this is a good reason to buy?

    The Greek election IS a big deal still because we don't know the result. If Syriza gets in it's anybody's guess what will happen from there. The Germans say that they'll happily kick the Greeks out and it won't be an issue but that's a bluff if ever I saw it. It is massively problematic for both the ECB and the IMF who will wear huge losses if the Greeks leave the Euro and it will be so for the banks too.

    The Dollar rally, if maintained, can easily destabilise the entire EM bloc of countries which would impact financial markets in a big way. SWhichever way you slice and dice this, the prices of financial assets have never been this distorted in our entire history. It will end badly .... eventually.
    Jan 23, 2015. 07:43 PM | 2 Likes Like |Link to Comment