Yeah sure, Google, You Tube ,…. We are only capable of closet operations that break out.

So exactly why did Apple pierce the veil with iPhone?

I can tell you , but you won’t like the answer. And I’m not on a VC’s call list.

Are you kidding me? I thought we have been talking about regulators asleep at the wheel. Nothing has changed. As long as it’s bullish, they will let it slide.

DH-

Illegitimi Non Carborundum! Satis dictus est!

reply:
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Satis dictus est.

(silence … calculated. Traditionally, the next person who speaks, loses).

This juggernaut seems to have enough steam all on its own to run through April. Until mid-May folks will still be hoping for a surprise beat or two. And any spin from the Obama camp or cohorts like Citi’s CEO will probably be fuel enough to continue upwards in the short term.

My bet is just enough good news leaks out for this to continue to mid-May. But Summer will be hell. IMO.

i am trying to analyze circumstances as three problems. the first problem is the economy, which has a financial industry side and an economic contraction side. take away one, how serious is the other? debt/equity is the second problem, and it has two sides: how far must the paydown and reserve accumulation proceed, and then what will be consumer and business leverage limits going forward? the third problem is credit or liquidity (depending on who’s talking), but it seems the government is willing to grease things quite a lot going forward.

as for “market psychology” and technicals and all that: there is a huge amount of cash sitting on the sidelines. investors have been habituated to bubble environment returns since the early ’90s: like inflation expectations, those must undergo a fundamental revision. i do not think that has happened yet. or we may be in a long term epoch of bubble and bust, given the amount of cash in play. bubbles may just be nature’s way of consuming excess wealth down to a level that resources and productivity can justify.

are you guys saying…they will keep cooking the books till it will be no longer possible?? who can blame them….the executives got options to cash in and make some moolah.

i wish i was in one of those shoes….you can rake in money like there is no tomorrow just by timing your bad news and good news to coincide with your stock options awards…

and of course you need some big hedge fund guy with fire power to help you along….

so the biggest question, the root cause of all this evil:

When will OPM get out of fashion?? when will pension funds, mutual funds etc..playing with OPM taken to task for looting the general populace(who are still stupid that they buy the “you got to stay in the market its oversold, still better contribute more” after they lost listening to “long term markets beat all asset class”.

my best one is “Professionals are smarter than layman” really?? I think i can smell risk when i see one….and if it is too confusing how about simply stay in cash(as i am doing right now).

Professionals lose only as much as the market……wait a second, i gained 2-3% staying in cash….and they are smarter than me??….I did not know a thing about market… except the sense that they are casinos.

So I can safely buy a CDS contract from the tooth fairy, since it is collateralized by trillions of baby teeth, right? =) Must be an operation that is too big to fail…

HCF

We’ve had other candidates come by the salt mine…and when their lips move, my hands go to my wallet…(and not to pull it out, either…)

should be fun, this is this guy’s first try at statewide office….tyros are often fun just to watch..

Mike Mayo (formerly of Deutsche Bank) and the Seven Deadly Sins of banking:

“The seven deadly sins of banking include greedy loan growth, gluttony of real estate, lust for high yields, sloth-like risk management, pride of low capital, envy of exotic fees, and anger of regulators,” the report said.

All of the firms he has begun coverage of are at an underperform or sell rating…

While I think his analysis (like Meredith Whitney’s) is spot on, my question is, who is still being surprised by this? Apparently lots of people, as indicated by the turn in the futures when the report came out…

Next thing, they’ll ruin my day by telling me Santa Claus doesn’t exist…

HCF