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  • The iPhone 5 (AAPL -0.1%) is announced. It's 7.6mm thick and weighs just 112 grams - that makes it 18% thinner and 20% lighter than the iPhone 4S. As expected, it has a 4" retina display (still much smaller than many Android phones), A6 processor (said to be 2x faster than the A5), and 4G LTE support. Apple also boasts the new display delivers better image quality thanks to its use of in-cell touch panels. (live blog) (more[View news story]
    Shriek! Squeal!
    Sep 12, 2012. 02:12 PM | 9 Likes Like |Link to Comment
  • David Einhorn's preferred stock proposal is "creative," Tim Cook states at a Goldman conference. But he calls Einhorn's opposition to Prop. 2 a "silly sideshow," and insists the measure is meant to empower shareholders. He claims Apple's (AAPL -1.2%) management/board are in "very active discussions" about returning additional cash, but remains tight-lipped about details. Apple is spiking lower after temporarily doing the opposite. (live blog) (webcast) (previous[View news story]
    Yea, but the term "silly sideshow" seems equivalent to having Jobs call someone a "Bozo".

    I take it that Cook just called Einhorn a "Bozo" in a very diplomatic way.
    Feb 12, 2013. 11:12 AM | 8 Likes Like |Link to Comment
  • There's the fiscal cliff and the container cliff (temporarily averted), but WSJ discusses a third cliff approaching: the "dairy cliff," a scenario where Congress fails to pass a farm bill to extend agricultural subsidies, which in turn would cause milk prices to soar. The milk industry already is in crisis, as milk consumption has been sliding steadily for decades. [View news story]
    I vote "cliff" the most overused financial word of 2012.
    Let's vow to stop using it.
    That will be the 'cliff'-cliff!
    Dec 28, 2012. 06:50 PM | 5 Likes Like |Link to Comment
  • As Google Maps Humiliates Apple, The Upside Is Millions Will Finally Upgrade To iOS 6 [View article]
    Maybe the comments are right.
    I tend to think this was Apple have a premonition of past fights with Microsoft.
    Apple used to have their own Office products under the
    Claris brand. Microsoft outwitted Apple by demanding that the tools be spun off and eventually abandoned. In return Microsoft
    would develop and release future versions of MS Office on the
    Afterward, surprise surprise! Microsoft released terrible versions
    of Office with bugs galore. After complaints MS, essentially said "Why are you on a Mac then? Come over the PC if you want a better Office productivity app." (Effectively, "FU Apple!")
    This was a bitter contention for Apple because it was handled so skillfully by MS that you really couldn't point out any one spot where MS didn't follow the letter of the agreement between MS and Apple.

    Fast forward 30 years, IOS Google Maps becoming stale. Google says "For a better Map experience come over to Android!".
    Steve J. probably saw this said, "Been there before. Nice try!"
    Apple created a Map App, people bitch like whiny children.

    But... Google comes back with a fully functioning Map Application!
    Now Google are the dummies who have to share ~30% of Map App data with Apple and can't pull this crap anymore. Oops!

    Google tried to pull an MS but Apple went for the aggressive strategy instead of capitulation and giving up.

    It's a good strategy of Apple. Hopefully they have a manual of lessons learned from double dealings and back stabs.

    I don't own MS, Google or Apple or any other high tech stock. Too much drama for my blood now.
    Dec 14, 2012. 11:39 AM | 5 Likes Like |Link to Comment
  • Weighing The Week Ahead: Counting Too Much On Central Bankers? [View article]
    Thanks for the insightful article. You are one of the few that I follow on SA. Doug Short being the other. I really appreciate his long view perspective which also tends to invalidate "magical" metrics for predicting the market. His work also provides must needed balance to short term thinking.

    You're doing everyone a great service by incorporating and analyzing the work of people like Doug.
    Jul 29, 2012. 07:57 AM | 5 Likes Like |Link to Comment
  • When Something Goes Wrong: The Case Of JPMorgan Chase [View article]
    I have to agree with you Mack.
    If Dimon keeps his job, then it most likely was a psychological ploy for a hugely leveraged short position.

    Someone needs to watch for "crocodile tears" in subsequent interviews. It would be interesting to get a facial expression expert to watch the interviews and see if subtle clues of duplicity are present.
    Let's see if Dimon refuses to be video recorded for fear of being analyzed for this.
    May 11, 2012. 09:15 AM | 4 Likes Like |Link to Comment
  • Thanksgiving weekend retail sales decline [View news story]
    Too many horror stories.
    Pushy, irritable crowds teaming with colds and flu's.
    Couple that with better online deals that preserve sanity.
    Easy to understand. Part of the crowd is getting smarter and staying away.
    Dec 1, 2014. 06:16 AM | 3 Likes Like |Link to Comment
  • "I think we're seeing fear fatigue," says money manager Darell Krasnoff. Clients of his out of stocks for some time are calling and asking to get back in. It's the same story at Fidelity and Schwab (SCHW), both seeing marked increases in trading activity. The Vix (VXX)? It declines even on days when the markets sell off. [View news story]
    Talk about the mind games!

    No fear? We're at the top! Full Bear!
    Wait! I just said "bear" that means we're at
    the bottom! Full Bull!

    How about this:
    Everybody is calling an "inflection" point so the contrarian
    view would be it's neither a top or bottom.
    It's just somewhere in between.
    Feb 19, 2013. 10:35 AM | 3 Likes Like |Link to Comment
  • As Google Maps Humiliates Apple, The Upside Is Millions Will Finally Upgrade To iOS 6 [View article]
    And Apple would have got 30 cents of it!
    Boom! Google gives Apple another billion.
    Dec 14, 2012. 01:26 PM | 3 Likes Like |Link to Comment
  • Apple (AAPL) and Google (GOOG) have teamed up for the reported $500M-plus bid for bankrupt Kodak's (EKDKQ.PK) patents, Bloomberg reports. The two companies - part of rival consortia this summer in an auction for the patents - are likely working together with a goal of neutralizing infringement lawsuits. [View news story]
    From my research there are 6034 active patents owned by EK. Oddly in 2006 over half the patents that came up for renewal were allowed to expire.

    Shareholders should have held management responsible for that. You don't flush a 1000 patents down the toilet because your mad about the light bill or the toner costs!

    If I were Apple or Google I would keep the clown carnival of bids going so that the distracted EK management forgets to pay the renewal fees again due to all the pretty zeros in the bids. They're entitled to some zeros alright.
    Dec 8, 2012. 03:30 PM | 3 Likes Like |Link to Comment
  • Giant iPhone 5 lines have Gene Munster giddy with excitement: the Piper analyst estimates lines at Boston, New York, and Minneapolis Apple Stores were 83% larger than they were for the 4S (ed: is he sure it's not 84%?), and predicts Apple (AAPL +0.8%) will sell 8M iPhone 5 units through Sunday. Topeka's Brian White predicts "only" 6M-6.5M launch weekend sales, though that's well above the 4M posted last year by the 4S. (FQ4 estimates) (pre-orders) (wait times[View news story]
    Yeah, that's pretty good for the stock.
    But I'd feel better if there was some trampling or maybe a riot or two. Then we'd really have a winner on our hands!
    [Sarcasm mode OFF]
    Sep 21, 2012. 11:28 AM | 3 Likes Like |Link to Comment
  • FOMC Announcement: QE3 is on to the tune of an open-ended pledge to buy $40B in MBS per month. The pledge to keep rates extraordinarily low is extended until mid-2015. [View news story]
    I think Gold prices just had the closest thing to an orgasm a market can have.
    Sep 13, 2012. 12:46 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    C'mon Google! Don't give in to these monopoly businesses.
    Cable companies need some creative destruction.
    Nothing like a good kick to the backside to motivate sluggish businesses to improve the value of their offerings.
    They have been complacent too long.
    Apr 18, 2012. 07:39 AM | 3 Likes Like |Link to Comment
  • How High-Frequency Traders Benefit Us All [View article]
    Go over to and read their research into trying to track HFT.

    In short, their not worried about HFT (high frequency trading).
    They note the volume of true HFT is negligible.
    They are worried about HFQS (High Frequency Quote Stuffing).
    The issue is that groups are trying to stuff the trading network so full of BS quotes that the system almost begins to fail. Then strategic trades are then made to profit from aspects of the heavy load stress.
    Apr 4, 2012. 09:03 PM | 3 Likes Like |Link to Comment
  • The next big bubble: The amount of student loans taken out last year crossed $100B for the first time, and total loans outstanding will exceed $1T for the first time this year. And just like in the last subprime bubble, lenders have been "pushing loans to people who can't afford them." When borrowers are tapped out, and lenders plead ignorance, who will again be forced to pay for the bailout?  [View news story]
    This does not bode well for the super growth "for profit" institutes.
    A lot of "money" (i.e. loans) ended up fueling record growth in these companies. 21% CAGR for nearly 13 years. The 10 baggers listed above contain your tax dollars. Yea, I said 13 years. Not just the last 3 years of current administration. One trillion dollars in student loans didn't add up that fast in 3 years.

    Consider this: If these companies are used a public example of profitability in educational institutions, then one wonders what kind of money is sloshing around in the state run universities. Don't think it will sloshing around for long. Look for University Deans running away (I mean retiring) with a mighty big bag.
    Oct 20, 2011. 09:51 PM | 3 Likes Like |Link to Comment