The United States government, through its special operations Navy Seals division, killed Osama Bin Ladin on Sunday. There is an old saying in betting, when it is time to place your money, you bet on the biggest, strongest and deepest group. In the war on terror, my money is on the country with the best technology, the most resources, and the best military. Comparing 18th century courier messaging versus an integrated hi tech system with GPS, and satellites, wiretapping, databases, etc is absurd. It was only a matter of time before we got the bastard, and lets hope the military uses all the intelligence they gathered to get all their top leadership (murderers).
Here is a great article on the U.S. military starting to explore the use of smartphones and more video games for increased simulations on the battlefield-http://www.nytimes.com/2011/05/02/technology/02wargames.html?scp=1&sq=May%202,%202011%20Edition,%20Military%20using%20video%20games%20&st=cse
Another stunner- Apple leads the way in the app market-http://www.bloomberg.com/news/2011-05-03/apple-google-nokia-rim-may-generate-3-8-billion-in-app-sales.html
Facebook leads the way for small business in social networking:
Finally, we are in the meat of earnings season- results are all over the map, as always. One quarter does not make a good investment, or a poor investments. Keep that in mind if a company of yours misses its earnings estimate.
As always, on any company mentioned here, past performance is not a guarantee of future returns. One should research any investment and make sure it is suitable with your objectives, risk tolerance, risk profile liquidity considerations, tax situation, and anything else pertinent to your financial situation. Also, the CFA credential in no way implies investment returns will be superior for any charterholder.
Yale Bock, CFA
President, Y H & C Investments