Futures are strong, and we are looking at a much more positive open on who-knows-what basis. (Yahoo?)
I am off to speak at a conference in DC — way too much travel, remind me why I agreed to this? — so real time posting will be light.
I have a few posts queued up that are quite interesting — also, see the Cafe and Digital Media for some terrific work.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Putting aside its incredible product line and pipeline of more, its still attractive valuation relative to earnings, and its $100 per share of cash that may be used for a dividend soon, Apple's stock has gone parabolic. And, parabolic moves always end one way, back to the place where the parabolic move began. Now, AAPL can of course power higher to who knows where in this move but the largest market cap stock in the world has now entered a tenuous phase, strictly technically speaking. But I digress. German investor confidence, the ZEW, in the next 6 months rose back...
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January 28th, 2009 at 9:24 am
You know you really love the attention, Barry. :)
And, you know it will pay off in future business. Ride the wave.
January 28th, 2009 at 9:47 am
It thought the pop was due to the new, new rumor of the Gov’s new new plan to buy toxic assets from banks, or remove from balance sheet, erase, turn to gold, put lipstick on or call macaroni.
John Borcher is enjoying this, my SKF is not.
January 28th, 2009 at 11:15 am
Will Ben let this rally carry things a while, or try the Greenspan approach, and put the pedal to the metal and try like hell to generate some irrational exuberance?
I know the interest rate gas pedal is nailed to the floor already, so that leaves only the wild & crazy stuff — moderation and observation being completely out of the question, along with introspection & thought.
D’ya think he might figure out that be acting panicky, he might be generating a bit of panic in the markets?
Not that things aren’t really, really bad, what with unemployment reaching escape velocity, mortgage failures similarly breaking free of earth’s gravitational pull, and banks continuing to hoard TARP funds (or spending them on ridiculous office renovations and new corporate jets — or trying to, at least), and new fund fraudsters being unearthed on a daily basis. But these things are pretty much old hat by now, nobody is surprised by them anymore.
What WOULD be surprising, is a measured, methodical, sensible approach to managing the chaos, instead of running around screaming FIRE! and spraying seltzer water on random individuals. This to too much like the Three Stooges or the Marx Brothers (Karl and Groucho).
January 28th, 2009 at 3:13 pm
Cause you love hobnobbing with the movers and shakers of this small universe