Light posting today as I am jamming on getting the last few chapters in to the publisher to make our May 4 publication date.
More later . . .
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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March 17th, 2009 at 9:54 am
Good luck, BR. There’s more to add every day it seems. At this rate, maybe the Feds will be frog marching upper mgmt. of AIG out for unpaid parking tickets in New Jersey and unreturned library books in Connecticut (i.e. interstate trade) by next week….
March 17th, 2009 at 11:21 am
I know –its the book that never ends.
My out of office message reads:
March 17th, 2009 at 11:26 am
Well, Barry, I am going to count your post as non-specific since I know nothing about publishing a book…so I will say that one of the brighter bulbs seems to be getting more and more cautious here…
http://www.hussman.net/wmc/wmc090316.htm
Lowering The Sights for Profit Margin Recovery
“The absence of appropriate policy responses to the credit crisis has made me much less optimistic about the potential for sustained recovery in profit margins toward anything near the levels we saw in 2007.”
Dr. Hussman seems to be getting more bearish as the weeks of 2009 roll on….He got his fingers burned when he took off his hedges, and now seems to think the remainder of the year is bleak…
Back to the salt mine…
March 17th, 2009 at 11:32 am
BR-
It’s the reader who finishes the book. So do you best and allow yourself a pint of a favorite ale at the end of today’s toil.
Sláinte
March 17th, 2009 at 4:31 pm
Good luck, Barry.
One or two people are now posting at the site who are trying to intimidate others regarding the expression of protest against AIG and other assorted miscreants. I feel a lot safer now than under Bush but I think it might be a good idea to probe the origin of one or two of those who are supporting the IBs and their bonus-happy brethren. Just a heads-up that this little bastion of free speech might be under attack.