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Rummeljordan

Rummeljordan
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  • Morgan Stanley (MS) is poised to hire Gary Kaminsky as vice-chair of its brokerage department, reports Charlie Gasparino. It will be another step in Morgan's plan to transform itself from risk-taker to adviser for both retail clients and institutional investors. Not just a TV personality, Kaminsky was a big-time money manager at Neuberger Berman before the Lehman collapse. [View news story]
    WOW! That is an interesting move! Didn't see that one coming.
    Mar 11 01:19 PM | Likes Like |Link to Comment
  • Credit Agricole's Avi Silver "downgrades" Apple (AAPL) to Outperform from Buy, while lowering his PT to $505 from $575. Silver expects iPhone sales to be weak in the June quarter thanks to growing competition ahead of a 5S launch (presumably the Galaxy S IV takes center stage here). He also doesn't expect an iPhone with a larger screen, which (like others) he considers "much needed," to arrive this year. Shares -0.8%. (Berenberg[View news story]
    Like it was at 6 and 5 hundred? or is this different now that its closer to 400?
    Mar 11 01:17 PM | Likes Like |Link to Comment
  • New Fed Data: Economy Drowning In Federal Debt [View article]
    Once again, thank you Keynes & followers, you sure know how to get things going.

    Nothing like putting off the problems till you do not have to deal with them.

    "in the future, we are all dead"....except for the people who are still alive and have to pick up the debt burden.
    Mar 11 07:19 AM | 15 Likes Like |Link to Comment
  • Now that Washington looks to have accepted the $85B sequestration, GOP legislators are looking to see where they can apply the scalpel rather than the machete. Programs at risk include one for robotic squirrels that helps researchers understand how squirrels interact with rattlesnakes, and Nasa's research on feeding astronauts on Mars. [View news story]
    We are not taxing them yet for living in our galaxy.
    Mar 10 09:39 PM | 2 Likes Like |Link to Comment
  • Now that Washington looks to have accepted the $85B sequestration, GOP legislators are looking to see where they can apply the scalpel rather than the machete. Programs at risk include one for robotic squirrels that helps researchers understand how squirrels interact with rattlesnakes, and Nasa's research on feeding astronauts on Mars. [View news story]
    Jeez, what a radical idea. Take care of our people first, martians second...
    Mar 10 10:48 AM | 5 Likes Like |Link to Comment
  • In the two decades through December, the average return of all investors in U.S. stock mutual funds was an annualized 4.25% vs 8.2% for the S&P 500. That translates into a difference of $25,467 for an investment of $10,000. "The dismal truth is that over the long run, the average person is a woeful investor," writes the NYT's Jeff Sommer. [View news story]
    Correct. It is always harder to do what is right. Nice comment.
    Mar 10 10:46 AM | 1 Like Like |Link to Comment
  • The Coming Crash In The Bond Market [View article]
    "I believe we are headed for a serious loss of confidence in the value of the dollar, which will be accompanied by a burst of the Bond Bubble."

    "This Ponzi scheme is getting ready to explode."

    The problem with this though, is that people have been crying "wolf" like this since the start of QE1. I am not going to say that it could not happen, it certainly could, but it has not. The dollar is actually a bit stronger and corporate defaults are super low.

    Uncle Ben is going to keep those rates down for as long as he can to service the debt. And if you think rates can't stay low for long, reference Japan, as you did.
    Mar 10 10:43 AM | 4 Likes Like |Link to Comment
  • Gundlach: Worrying about how the Fed may unwind its policies is a waste of time, he says. The current Fed boss and the putative successor (Yellen) haven't indicated any interest in an exit. With precious metals bears patting themselves on the back of late, Gundlach thinks it's a good time to buy, preferring silver (SLV) to gold (GLD) thanks to the white metal's higher beta. [View news story]
    No interest in an exit?

    What are we, Japan?
    Mar 5 06:29 PM | Likes Like |Link to Comment
  • The Apple (AAPL) rumor mill is in full swing: 1) Bloomberg and The Verge report Apple is hoping to release an iWatch this year. Sources tell The Verge Jony Ive is spearheading the project, that a modified version of iOS will be used, and that battery life remains a challenge. Bloomberg reports the device will allow users to make calls and feature health sensors, while pointing out the watch industry is worth $60B and has a 60% gross margin. 2) iMore reports an iPhone 5S with a design similar to the iPhone 5 is slated for August, and a 5th-gen regular iPad might arrive in April. [View news story]
    Ill be interested if it can also wipe me rear end.
    Mar 5 12:45 PM | 1 Like Like |Link to Comment
  • Shanghai rebounds 2.3%, though property developers - drubbed for 9.3% Monday -didn't participate in the bounce. "The stock rally is over," says one economist, noting real estate account for 20% of the economy. FXI -6.2%, CAF +0.9% YTD. Real estate ETF: TAO -3.2% yesterday and another 2% AH. [View news story]
    Dead cats bounce too.
    Mar 5 11:56 AM | Likes Like |Link to Comment
  • The DJIA is up 0.6% in early trade to 14,211, surpassing the October 11, 2007 intraday all-time high of 14,198. The record closing high is 14,164. [View news story]
    Well good thing no one gives a rip what the market is priced in gold.

    Thanks though.
    Mar 5 11:45 AM | 5 Likes Like |Link to Comment
  • The Apple (AAPL) rumor mill is in full swing: 1) Bloomberg and The Verge report Apple is hoping to release an iWatch this year. Sources tell The Verge Jony Ive is spearheading the project, that a modified version of iOS will be used, and that battery life remains a challenge. Bloomberg reports the device will allow users to make calls and feature health sensors, while pointing out the watch industry is worth $60B and has a 60% gross margin. 2) iMore reports an iPhone 5S with a design similar to the iPhone 5 is slated for August, and a 5th-gen regular iPad might arrive in April. [View news story]
    Enlighten me, Kemosabe.

    If you are buying an Apple watch because of a "retina display", you've got your own problems.

    Rolex can command a higher price because they make watches, they are known for watches and they are exclusive. Apple will set a higher price because there are enough fan boys who will pony up a pretty penny for it. There is a difference.
    Mar 5 10:30 AM | 2 Likes Like |Link to Comment
  • The Apple (AAPL) rumor mill is in full swing: 1) Bloomberg and The Verge report Apple is hoping to release an iWatch this year. Sources tell The Verge Jony Ive is spearheading the project, that a modified version of iOS will be used, and that battery life remains a challenge. Bloomberg reports the device will allow users to make calls and feature health sensors, while pointing out the watch industry is worth $60B and has a 60% gross margin. 2) iMore reports an iPhone 5S with a design similar to the iPhone 5 is slated for August, and a 5th-gen regular iPad might arrive in April. [View news story]
    Rolex - Apple.

    Ferrari - Yugo

    Wrong comparison, kid.
    Mar 5 09:55 AM | 3 Likes Like |Link to Comment
  • The Apple (AAPL) rumor mill is in full swing: 1) Bloomberg and The Verge report Apple is hoping to release an iWatch this year. Sources tell The Verge Jony Ive is spearheading the project, that a modified version of iOS will be used, and that battery life remains a challenge. Bloomberg reports the device will allow users to make calls and feature health sensors, while pointing out the watch industry is worth $60B and has a 60% gross margin. 2) iMore reports an iPhone 5S with a design similar to the iPhone 5 is slated for August, and a 5th-gen regular iPad might arrive in April. [View news story]
    Well that should probably warrant some ungodly price.
    Mar 5 09:50 AM | 3 Likes Like |Link to Comment
  • Fed Vice Chair Janet Yellen surprises no one, calling for the central bank to press on with its asset purchases. It's the usual story - the benefits are obvious, the costs negligible, if any. QE will continue, she says, until there is substantial improvement in the outlook for the labor market. [View news story]
    Pure madness.
    Mar 4 08:14 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
477 Comments
576 Likes