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Rummeljordan

Rummeljordan
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  • The bounce in precious metals continues, gold (GLD) +1.6% and silver (SLV) +2.1% as buyers of the physical apparently used the rout to load up and - if anything - global central banks are leaning towards even easier monetary policy. A survey shows low bond yields are no longer doing it for central bankers and they're now looking at loading their balance sheets with equities. [View news story]
    I've seen a dead cat bounce more than this. Common, of course there was going to be a slight up tick. Worst sell off is 30 years.
    Apr 25 10:47 AM | Likes Like |Link to Comment
  • Apple (AAPL): FQ2 EPS of $10.09 beats by $0.02. Revenue of $43.6B (+11% Y/Y) beats by $1.1B. 37.4M iPhones, 19.5M iPads, just under 4M Macs. Expects FQ3 revenue of $33.5B-$35.5B, below $39.3B consensus. Buyback increased by $50B. Shares halted. CC at 5PM ET (webcast). (PR[View news story]
    So much for all that cash sitting on the sideline.....
    Apr 23 04:35 PM | Likes Like |Link to Comment
  • Dollar strength against the "risk" currencies on these panicky sessions is often offset by weakness vs. the yen, leading to little change in the dollar index. Not today - the greenback is surging against nearly every asset on the planet, leading the dollar bull ETF (UUP +1.1) to a relatively outsized gain. UDN -1.1%[View news story]
    But what about all those people who were yelling about the dollar being worthless? Where did they go?
    Apr 17 03:44 PM | 1 Like Like |Link to Comment
  • Apple (AAPL -5.8%) has hit levels last seen in Dec. '11 following Cirrus Logic's warning and a Digitimes report about declining iPad Mini shipments. Cross Research calls Cirrus' warning "a reminder of weakening demand, and the challenges around product transitions" for Apple. Tero Kuittinen, noting sub-30M June quarter iPhone sales estimates and worries about the margin impact of emerging markets promotions, thinks "several nightmare scenarios have been priced in." "The naked fear of former Apple bulls is exactly what we need just before the earnings come out." [View news story]
    Worthless as in an investment right now. My post below clarifies.

    Fundamentals are solid, extremely solid. She is just out of favor.

    Remember too though, most of their cash is overseas......
    Apr 17 02:49 PM | 1 Like Like |Link to Comment
  • Apple (AAPL -5.8%) has hit levels last seen in Dec. '11 following Cirrus Logic's warning and a Digitimes report about declining iPad Mini shipments. Cross Research calls Cirrus' warning "a reminder of weakening demand, and the challenges around product transitions" for Apple. Tero Kuittinen, noting sub-30M June quarter iPhone sales estimates and worries about the margin impact of emerging markets promotions, thinks "several nightmare scenarios have been priced in." "The naked fear of former Apple bulls is exactly what we need just before the earnings come out." [View news story]
    Fundamentals are solid, extremely solid. She is just out of favor.
    Apr 17 02:22 PM | 4 Likes Like |Link to Comment
  • Apple (AAPL -5.8%) has hit levels last seen in Dec. '11 following Cirrus Logic's warning and a Digitimes report about declining iPad Mini shipments. Cross Research calls Cirrus' warning "a reminder of weakening demand, and the challenges around product transitions" for Apple. Tero Kuittinen, noting sub-30M June quarter iPhone sales estimates and worries about the margin impact of emerging markets promotions, thinks "several nightmare scenarios have been priced in." "The naked fear of former Apple bulls is exactly what we need just before the earnings come out." [View news story]
    Who would have suspect Gold and Apple to be worthless? Me! Dig through my posts. I've been banging the table for a long time.

    Though I would not take on a new shorts on either here if you have not been short already.

    When anything becomes the "most popular" it quickly becomes the most hatted. People trade like people make and loose friends in High School. So shallow.
    Apr 17 02:21 PM | 1 Like Like |Link to Comment
  • Contrary to the popular "tapering" term being thrown about of late (including by himself), St. Louis Fed chief Jim Bullard says the Fed could increase the size of its asset purchases if inflation softens further. "I'm very willing to defend the inflation target from the low side." [View news story]
    I "could" do a lot of things. That doesn't mean its good. Do not increase the size, we are already all at a sizable risk.
    Apr 17 02:15 PM | Likes Like |Link to Comment
  • Mar. Consumer Price Index: -0.2% vs. +0.0% expected, +0.7% prior. Core CPI +0.1% vs. +0.2% expected, +0.2% prior. [View news story]
    Donde esta' inflation?
    Apr 16 08:32 AM | Likes Like |Link to Comment
  • Goldman Sachs (GS): Q1 EPS of $4.29 beats by $0.43. Revenue of $10.09B beats by $0.49B. (PR[View news story]
    Atta boy, Lloyd!
    Apr 16 07:41 AM | Likes Like |Link to Comment
  • 3 Reasons Why A New Bottom For Gold Will Likely Prove Elusive For Now [View article]
    The dollar has only been money....not sure what you are trying to say. And no, gold is not a currency, it can not be used as a medium of exchange for goods (in 99% of cases)
    Apr 16 07:35 AM | Likes Like |Link to Comment
  • After continuing to slide sharply early in overnight trade, gold is bouncing, +1.8% to $1,388/oz. (it touched $1,322 at its low point). Silver +0.6% to $23.50 after dropping as low as $22.01. GLD +2.5%, SLV +3.4% premarket. [View news story]
    Hey check it out, guys. Dead cats do bounce!
    Apr 16 07:26 AM | Likes Like |Link to Comment
  • On the hour: S&P -0.54%. 10-yr +0.07%. Euro -0.25% vs. dollar. Crude -2.63% to $89.2. Gold -6.12% to $1409.55. [View news story]
    A store of value? lol
    Apr 15 07:19 AM | Likes Like |Link to Comment
  • 3 Reasons Why A New Bottom For Gold Will Likely Prove Elusive For Now [View article]
    It was a "currency" until '71. It no longer holds that value.
    Apr 14 05:56 PM | 1 Like Like |Link to Comment
  • 3 Reasons Why A New Bottom For Gold Will Likely Prove Elusive For Now [View article]
    20% in gold? Are you out of your mind? I hope no one reading takes that advice seriously. 20% to a single commodity, please.
    Apr 14 02:25 PM | 3 Likes Like |Link to Comment
  • Market recap: Stocks moved broadly higher, propelling the Dow and S&P 500 to new record levels and capping the year's strongest three-day rally. Investors took comfort in the knowledge the Fed is still very much in the mix, and surprisingly strong data from China and Europe provided an early base for optimistic sentiment. Gold was the one major weak area, knocked back by Goldman's cautious outlook[View news story]
    Earnings have not justified the move in this market.
    Apr 10 08:01 PM | 1 Like Like |Link to Comment
COMMENTS STATS
477 Comments
576 Likes