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Rummeljordan

Rummeljordan
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  • Greenlight Capital/David Einhorn has dropped its lawsuit  over Apple's (AAPL -1.6%) Prop. 2, in response to the company's decision to withdraw the proposal and its bundled changes (in the wake of an injunction) prior to Wednesday's shareholder meeting. Apple insisted at the meeting it remains committed to giving shareholders the right to vote on the issuing of preferred stock. [View news story]
    People tried to catch the falling knife in the 600's, 500's, 400's......

    Might Apple catch a break, probably.

    Meanwhile it sure is funny to watch.
    Mar 1 01:58 PM | 1 Like Like |Link to Comment
  • The Dumbest Portfolio For The Smartest People [View article]
    Or you buy it because it pays out monthly interest, the current yield is 2.61% and its average duration is only about 5 years.

    When you compound monthly, this add up a bit faster.....not dumb to me.

    Its been part of my "dumb portfolio" for quite some time.
    Feb 28 01:45 PM | 1 Like Like |Link to Comment
  • Trading A Random Number Generator [View article]
    "You may as well say that since the price of bread in the former Soviet Union was very stable, it indicated that markets were in balance. Well, either that or it indicated that the State thought the price ought to be steady."

    Examples like this are why I read your work religiously. Keep it up, friend.
    Feb 28 08:24 AM | 4 Likes Like |Link to Comment
  • The Dumbest Portfolio For The Smartest People [View article]
    The results will not bad as good unfortunately. Sounds great in theory, but your age (anyone's age) and the market have nothing in common. Therefore, if you are nearing retirement now and you were almost 80-90% in bonds (foolish) and we see any measurable rise in rates, there goes your fund. As you get older, the target funds have a harder time keeping up with inflation due to the lack of exposure to equities.

    The one thing it does due is keep you from trying to time when you should and should not be in the market. I would not condone trying to do such.

    -J
    Feb 28 08:13 AM | Likes Like |Link to Comment
  • The Dumbest Portfolio For The Smartest People [View article]
    Why was everyone chasing grandpa?

    OK, bad joke. No relation on my end, but I've been asked if it was a translation goof up when my family came over from Europe.
    Feb 28 08:08 AM | Likes Like |Link to Comment
  • Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here[View news story]
    "anonymous#12"

    Right. Because Uncle Ben is doing it and he is the Godsend, anyone who thinks that his policies are flawed must have had lesser of an education.

    Obvious you and Ben are the prestigious few who were able to go to Keynes U. and figure out how to save our country.

    I am forever in your debt....literally....b... the Government is putting us there......
    Feb 27 08:26 AM | 1 Like Like |Link to Comment
  • Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here[View news story]
    "Every depression and recession in in history has been caused by the collapse of your greed-fueled, unregulated, overbought "free markets"

    That is just straight up embarrassing that you said that. You don't think the collapses caused by a run up in both public and private debt fueled by loose monetary policies over the last 80 or so years had anything to do with it do you?

    Must have been those crazy free markets....people thinking for themselves, natural interest rates and natural dispersion of wealth that caused the bubbles.
    Feb 27 08:23 AM | 1 Like Like |Link to Comment
  • Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here[View news story]
    The bailout was too timid? Really? How much would "enough" have been then?
    Feb 26 03:28 PM | 1 Like Like |Link to Comment
  • Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here[View news story]
    "The benefits of easing continue to outweigh the costs and risks"..... until they don't.
    Feb 26 10:07 AM | 8 Likes Like |Link to Comment
  • U.S. stocks turn decidedly lower in the day's 2nd half thanks to the big turn in Europe on the Italian election results, or the maybe it's the President's borderline apocalyptic warnings should $85B be trimmed from the $4T federal budget. The S&P 500 -0.7%[View news story]
    Now THIS is a classic late stage sell off!
    Feb 25 03:58 PM | Likes Like |Link to Comment
  • SPY -0.6%, QQQ -0.8% following numerous economic releases this morning showing any financial market froth from the Fed's QE isn't spilling over into the economy. Long-term Treasurys add to gains, the 10-year yielding 1.97% and TLT +0.7%, TBT -1.4%. [View news story]
    What a short lived party that would be! People would get the loot, (hopefully pay down debts) and then go on a spending spree. No one in America saves any more, why would all these Keynes followers want to save? Everyone spends, producers raise their prices, people run out of money. Repeat.
    Feb 21 11:50 AM | 1 Like Like |Link to Comment
  • Google (GOOG) gets its $1,000 price target, with CLSA raising to that level citing improving cost-per-clicks (CPCs). Are they serious? In the meantime, Google is set to take on Microsoft (MSFT) with the sale of touchscreen laptops powered by its Chrome operating system. Shares +0.4% premarket. [View news story]
    I was specifically referring to the $2,000 calls for 2012...and there were plenty. Castles in the air my friend.

    And until that 85B a month actually makes it into the economy, I think we will be yet to see gold take off.
    Feb 21 11:46 AM | Likes Like |Link to Comment
  • SPY -0.6%, QQQ -0.8% following numerous economic releases this morning showing any financial market froth from the Fed's QE isn't spilling over into the economy. Long-term Treasurys add to gains, the 10-year yielding 1.97% and TLT +0.7%, TBT -1.4%. [View news story]
    O no, this was not an overreaction. I am hoping/thinking we might see a bit of a pull back. The market is smarter than me though so who knows!

    I think this QE policies are a joke. Let the people overreact!
    Feb 21 11:20 AM | 1 Like Like |Link to Comment
  • Warming up to the idea FOMC hawkishness may be getting ahead of itself, precious metals reverse course. Gold's now up $26 from the overnight low, GLD +1%. SLV +0.7%. The dollar, however, continues to strengthen, UUP +0.3%[View news story]
    Remember, you can get a dead cat to bounce if you throw it hard enough too.
    Feb 21 10:40 AM | 1 Like Like |Link to Comment
  • SPY -0.6%, QQQ -0.8% following numerous economic releases this morning showing any financial market froth from the Fed's QE isn't spilling over into the economy. Long-term Treasurys add to gains, the 10-year yielding 1.97% and TLT +0.7%, TBT -1.4%. [View news story]
    But if QE isn't working what are we going to do? Keynes didn't really have any other options. Toss money and see if it sticks. We threw the money and it stuck.....to balance sheets. Way to go, guys!
    Feb 21 10:29 AM | 3 Likes Like |Link to Comment
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