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Rummeljordan

Rummeljordan
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  • February Philly Fed Business Outlook: -12.5 vs. +1.0 expected, -5.8 previous. [View news story]
    Is that a (-)12.5? What? lol
    Feb 21 10:01 AM | Likes Like |Link to Comment
  • S&P futures -0.1% following the 8:30 data - increasing jobless claims, an outsized bump in core CPI - not following Fed script. Helping futures bounce off session lows is a 2% gain in Wal-Mart following news its sales troubles may be tax refund related, not tax-hike related. The 10-year Treasury yield falls back below 2%. TLT +0.5% premarket. [View news story]
    But I thought QE was supposed to lower claims and not cause the CPI to shoot up? O, that was just the models they drew up. I get it.
    Feb 21 08:51 AM | 5 Likes 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 just going to say, this was Apple's $1,000 or golds $2,000
    Feb 21 08:49 AM | Likes Like |Link to Comment
  • "High above the Alps, my gnome is hearing that Apple’s shares are lower because of margin calls," writes Doug Kass as Apple (AAPL -1.3%) falls to $444 and cedes its market cap crown for now to Exxon Mobil. The FY13 EPS consensus has fallen to $45.07 from a pre-earnings level of $48.30, but that still puts shares at 6.6x forward EPS exc. cash. The dividend yield is now at 2.4%. (yesterday[View news story]
    I know you are smarter than to call a bottom.....

    So I will take this as a joke.
    Jan 26 08:19 AM | Likes Like |Link to Comment
  • Lessons Learned From An Apple Bull [View article]
    Most sensible Apple article ever written?

    I think so.
    Jan 26 08:15 AM | 3 Likes Like |Link to Comment
  • Another day of outperformance by the small caps (IWM +0.5%) has the Russell 2000 at a new all-time high of 888. The mid-caps (MDY +0.6%) post an all-time high as well. Despite John Bogle's aversion, small-cap stocks do tend to offer better returns over the long haul. [View news story]
    Long IJT
    Jan 17 07:10 PM | Likes Like |Link to Comment
  • Rethinking Gold Asset Allocations For 2013 [View article]
    Because you never want to leverage anything up to 300% because of the risk of rising interest rates. No matter what the security is.
    Dec 29 11:10 PM | Likes Like |Link to Comment
  • Rethinking Gold Asset Allocations For 2013 [View article]
    And we see what that did to the price of AAPL recently.

    gold got its attention from CNBC a few years ago, that took it up to its highs.
    Dec 29 11:22 AM | Likes Like |Link to Comment
  • Inflation And Yields: Gold And Equity Yields [View article]
    Raw data: Best served cold.
    Dec 29 11:20 AM | Likes Like |Link to Comment
  • Rethinking Gold Asset Allocations For 2013 [View article]
    Eh, people make good calls and people make bad calls. Iv'e made bad ones myself.

    It would appear that this time there would be more of a reason to hold gold, but those "reasons" have yet to drive the price of gold any higher.

    There is no longer that euphoria that surround gold like there was a couple a years ago.

    It lost its luster.....
    Dec 29 09:42 AM | Likes Like |Link to Comment
  • Rethinking Gold Asset Allocations For 2013 [View article]
    I will admit, I have not ever held gold, so yes, by default, I missed the gold ride.

    I do not want to try to time anything by saying "yes" its a good time to own a mortgage, but if you can lock yourself into a fixed rate and have the MEANS to pay it, if you a buyer, I think it could be done.

    Disclosure on mortgages, I do own BKT
    Dec 29 09:40 AM | Likes Like |Link to Comment
  • Rethinking Gold Asset Allocations For 2013 [View article]
    Ha. No sir, not a fed bot. Nor am I in favor of the Keynesian policies that are being practiced.
    Dec 29 09:37 AM | Likes Like |Link to Comment
  • Rethinking Gold Asset Allocations For 2013 [View article]
    Two things stand out

    1: "What you're likely to find is that, while eight or 10 years ago, virtually no one owned precious metals"

    Unlike you, that scares me. While some argue that "printing money" "caused inflation" which would be a reason for people to buy gold and it to go up so dramatically, that is simply wrong. There have been a myriad of article written to show that gold does not perform any better in an inflationary environment that a deflationary one. And two, any one who thinks this "printed money" (which is not even printed money) is causing inflation is out of their mind. Sure the prices of somethings have gone up, but if monetary policies are set around the CPI and you set your agenda to something else, good luck.

    2. "I think 20 percent is a good place to start"

    I think a 20% reduction in your current allocation to gold would be a good place to start. QEi^forever didn't take gold to $2,000, the gold story is done.

    Remember its gold, not Gold.

    Good luck, dude.
    Dec 27 08:34 PM | 12 Likes Like |Link to Comment
  • RIM (RIMM -21.2%) has added to its losses, as worries about the impact of BB10's services pricing mount. Goldman, which upgraded RIM to Buy last month (I, II), suggests investors are overreacting, since BB7 won't be affected. But Deutsche is less sanguine, forecasting RIM's service revenue will fall 20% each of the next 2 years. Ditto CLSA, which is "downgrading" shares to Sell from Underperform. "RIMM’s business model is being challenged by operators that are unwilling to both subsidize devices aggressively and hand over a slice of their data revenue." (transcript[View news story]
    Kinda like people betting on the iPhone 5 being a success? oops.
    Dec 22 09:15 AM | 1 Like Like |Link to Comment
  • Research In Motion (RIMM): FQ3 EPS of -$0.22 beats by $0.13. Revenue of $2.73B (-47% Y/Y) beats by $70M. 6.9M BlackBerrys shipped, 255K PlayBooks. BlackBerry subs fell by 1M Q/Q to 79M. Shares halted. (PR[View news story]
    Common Apple bugs. Give us something.
    Dec 20 05:21 PM | 1 Like Like |Link to Comment
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