"This goes much much higher than me," says alleged Libor-fixing ringleader Tom Hayes in a text to the WSJ's David Enrich. Known as "Rain Man" for his brilliance and awkward social skills, Hayes has emerged as "the connective tissue" in banks' attempts to profit as he skipped from RBS to RBC (RY) to UBS, and finally to Citigroup (C). [View news story]
When will the likes of Goldman's CEO go to prison?
A little more on Deutsche/Apple: The firm notes Japanese analyst Yasuo Nakane has long been cautious about FQ2 (March quarter) iPhone builds, and thinks the consensus for FQ2 iPhone sales has fallen to around 37M. The U.S. team thinks Nakane's estimates (45M builds in FQ1, 28M-30M in FQ2) implies upside to his FQ1 sales forecast, and downside to his FQ2 forecast. Meanwhile, his forecast for 17M-19M FQ2 iPad builds implies upside to an FQ2 forecast for sales of 15M. [View news story]
And why listen to these "pros" when: A. They are personally broke B. They consistently under-perform the major averages year after year after year And C. They have been 100% wrong about apple for 10 years or more!
"This goes much much higher than me," says alleged Libor-fixing ringleader Tom Hayes in a text to the WSJ's David Enrich. Known as "Rain Man" for his brilliance and awkward social skills, Hayes has emerged as "the connective tissue" in banks' attempts to profit as he skipped from RBS to RBC (RY) to UBS, and finally to Citigroup (C). [View news story]
A little more on Deutsche/Apple: The firm notes Japanese analyst Yasuo Nakane has long been cautious about FQ2 (March quarter) iPhone builds, and thinks the consensus for FQ2 iPhone sales has fallen to around 37M. The U.S. team thinks Nakane's estimates (45M builds in FQ1, 28M-30M in FQ2) implies upside to his FQ1 sales forecast, and downside to his FQ2 forecast. Meanwhile, his forecast for 17M-19M FQ2 iPad builds implies upside to an FQ2 forecast for sales of 15M. [View news story]
A. They are personally broke
B. They consistently under-perform the major averages year after year after year
And
C. They have been 100% wrong about apple for 10 years or more!