My pal Prieur du Plessis, who does the terrific weekend Words from the investment wise in the cafe, sends along this St. Patricks Day amusement:
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 5:20 pm
This has been your best post this month, Ritholtz!
March 17th, 2009 at 5:30 pm
At least you & I liked it !
March 17th, 2009 at 10:45 pm
Personally I agree with other comments that the AIG bonus storm is meant to distract people from the collateral payout which is much, much worse and incredibly corrupt. Every disclosure is being very carefully choreographed.
Judge Judy was on TV tonight saying “that’s what Chapter 11 is for: Companies like AIG.”
March 18th, 2009 at 12:15 am
Invisible Ink thread, nice touch~
March 18th, 2009 at 2:47 am
Here’s someting kind of fun with a financial theme .