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	<title>Comments on: American Trucking Association Tonnage Index</title>
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	<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
	<lastBuildDate>Sat, 21 Nov 2009 22:10:06 -0500</lastBuildDate>
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		<title>By: Long Term Investing Is NOT Dead &#124; Stuck On Wall Street</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-181832</link>
		<dc:creator>Long Term Investing Is NOT Dead &#124; Stuck On Wall Street</dc:creator>
		<pubDate>Thu, 11 Jun 2009 06:57:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-181832</guid>
		<description>[...] are equity prices, but not the real economy (unemployment up, GDP down, working hours down, trucking association tonnage index down etc.). Even the Beige Book admitted that a possible recovery would be tough to [...]</description>
		<content:encoded><![CDATA[<p>[...] are equity prices, but not the real economy (unemployment up, GDP down, working hours down, trucking association tonnage index down etc.). Even the Beige Book admitted that a possible recovery would be tough to [...]</p>
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		<title>By: Rail traffic off the tracks &#171; Stocks Go Up. Stocks Go Down.</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-181305</link>
		<dc:creator>Rail traffic off the tracks &#171; Stocks Go Up. Stocks Go Down.</dc:creator>
		<pubDate>Wed, 10 Jun 2009 10:58:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-181305</guid>
		<description>[...] traffic off the&#160;tracks  Jump to Comments  No green or yellow or pink shoots: “U.S. rail carload traffic in May 2009 fell 24.7 percent”, the worst y/y % decline of the [...]</description>
		<content:encoded><![CDATA[<p>[...] traffic off the&nbsp;tracks  Jump to Comments  No green or yellow or pink shoots: “U.S. rail carload traffic in May 2009 fell 24.7 percent”, the worst y/y % decline of the [...]</p>
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		<title>By: call me ahab</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-180931</link>
		<dc:creator>call me ahab</dc:creator>
		<pubDate>Tue, 09 Jun 2009 12:03:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-180931</guid>
		<description>wunsacon-

I&#039;m with you all the way-  I admire adbusters and what they are trying to accomplish- to get people to see the world clearly- without corporate symbolism clouding their thoughts and decisions - many great posters/pictures as you say- reminds me somewhat of the line from Fight Club when the main character- Tyler Durden&#039;s alter ego- in his thoughts says-

&quot;what kind of dining room set best defines me as a person&quot;

pretty poignant line I thought - sums up modern culture and consumerism in one simple line</description>
		<content:encoded><![CDATA[<p>wunsacon-</p>
<p>I&#8217;m with you all the way-  I admire adbusters and what they are trying to accomplish- to get people to see the world clearly- without corporate symbolism clouding their thoughts and decisions &#8211; many great posters/pictures as you say- reminds me somewhat of the line from Fight Club when the main character- Tyler Durden&#8217;s alter ego- in his thoughts says-</p>
<p>&#8220;what kind of dining room set best defines me as a person&#8221;</p>
<p>pretty poignant line I thought &#8211; sums up modern culture and consumerism in one simple line</p>
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		<title>By: Mike in Nola</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-180915</link>
		<dc:creator>Mike in Nola</dc:creator>
		<pubDate>Tue, 09 Jun 2009 11:05:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-180915</guid>
		<description>greg: 

Damn. Lost my my reply when I hit refresh. I also have to pop off the keys on this laptop. Too much food under there. Shouldn&#039;t post when not fully awake.

Looked at roughlydrafted.oom and think it only looks objective to those who think Steve walks on water. Gizmodo and Engadget are pretty easy on Apple generally. Hell, they had 3 guys live blogging the event. Don&#039;t think they&#039;ve ever done that at a Microsoft event.

In any case, I&#039;m not talking about techinical merits, but financials. The question isn&#039;t whether the iPhone(s) will do well, it&#039;s whether they will pull in enough money to justify a pretty lofty multiple in a bear market. It depends a lot on the economy. Apple&#039;s fortunes and stock price are affected by the overall market and by the economy.  If this is a bear market rally and prices drop back to the neighborhood of the March lows, Apple&#039;s price will follow as they did then. There is competition with spiffy new phones with better displays, ATT&#039;s hamhanded treatment of current users and failure to support all the features, and competition from new models that have even nicer looking displays. There is also how much the low priced version will cannibalize sales of the high priced version.  And finally, there is just the overall economy where people will either be unwilling or unable to get an expensive new phone. 

And this doesn&#039;t even take into account  a decline in overall sales of computers. 
 
I just think there are too many bullets to dodge. We shall see.</description>
		<content:encoded><![CDATA[<p>greg: </p>
<p>Damn. Lost my my reply when I hit refresh. I also have to pop off the keys on this laptop. Too much food under there. Shouldn&#8217;t post when not fully awake.</p>
<p>Looked at roughlydrafted.oom and think it only looks objective to those who think Steve walks on water. Gizmodo and Engadget are pretty easy on Apple generally. Hell, they had 3 guys live blogging the event. Don&#8217;t think they&#8217;ve ever done that at a Microsoft event.</p>
<p>In any case, I&#8217;m not talking about techinical merits, but financials. The question isn&#8217;t whether the iPhone(s) will do well, it&#8217;s whether they will pull in enough money to justify a pretty lofty multiple in a bear market. It depends a lot on the economy. Apple&#8217;s fortunes and stock price are affected by the overall market and by the economy.  If this is a bear market rally and prices drop back to the neighborhood of the March lows, Apple&#8217;s price will follow as they did then. There is competition with spiffy new phones with better displays, ATT&#8217;s hamhanded treatment of current users and failure to support all the features, and competition from new models that have even nicer looking displays. There is also how much the low priced version will cannibalize sales of the high priced version.  And finally, there is just the overall economy where people will either be unwilling or unable to get an expensive new phone. </p>
<p>And this doesn&#8217;t even take into account  a decline in overall sales of computers. </p>
<p>I just think there are too many bullets to dodge. We shall see.</p>
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		<title>By: greg</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-180911</link>
		<dc:creator>greg</dc:creator>
		<pubDate>Tue, 09 Jun 2009 10:03:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-180911</guid>
		<description>Mike in Nola and Ahab=

They are only lowering the price on the old phone and I would expect margins on the new phone to be at least as good as before, if not better. Mike, Engadget and Gizmodo are always biased against Apple and are two of the sites that usually get it wrong. Read Daniel Dilger of roughly drafted if you want a more balanced review. Ahab... many substitutes at 1/3 the cost is not a new thing, and yet they still have sold millions. Same as ipod. They have been calling for the death of that thing since it came out, yet they are still selling 10-12 million per quarter, and more at Christmas.</description>
		<content:encoded><![CDATA[<p>Mike in Nola and Ahab=</p>
<p>They are only lowering the price on the old phone and I would expect margins on the new phone to be at least as good as before, if not better. Mike, Engadget and Gizmodo are always biased against Apple and are two of the sites that usually get it wrong. Read Daniel Dilger of roughly drafted if you want a more balanced review. Ahab&#8230; many substitutes at 1/3 the cost is not a new thing, and yet they still have sold millions. Same as ipod. They have been calling for the death of that thing since it came out, yet they are still selling 10-12 million per quarter, and more at Christmas.</p>
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		<title>By: wunsacon</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-180874</link>
		<dc:creator>wunsacon</dc:creator>
		<pubDate>Tue, 09 Jun 2009 03:25:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-180874</guid>
		<description>Ahab,

I love the symbolism in Adbusters&#039; photos.  One picture showed what appeared to be Jesus being crucified on the mount.  But, when you turn it upside down, you realize it&#039;s a crucifix disposed on top of a garbage heap.  (Forget how they managed that photo trick.)  I read it as &quot;Jesus sacrificed himself for us and *this* is what we did...??&quot;  (But, other interpretations might work, too.)

(FD: that was just an example.  I&#039;m not religious.)</description>
		<content:encoded><![CDATA[<p>Ahab,</p>
<p>I love the symbolism in Adbusters&#8217; photos.  One picture showed what appeared to be Jesus being crucified on the mount.  But, when you turn it upside down, you realize it&#8217;s a crucifix disposed on top of a garbage heap.  (Forget how they managed that photo trick.)  I read it as &#8220;Jesus sacrificed himself for us and *this* is what we did&#8230;??&#8221;  (But, other interpretations might work, too.)</p>
<p>(FD: that was just an example.  I&#8217;m not religious.)</p>
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		<title>By: Mike in Nola</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-180871</link>
		<dc:creator>Mike in Nola</dc:creator>
		<pubDate>Tue, 09 Jun 2009 03:18:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-180871</guid>
		<description>ben22:  they are pretty cool. But, given the hype as described by Joe Nocera, the less-than-groundbreaking improvements might not be enough to meet expectations and produce a letdown. 

http://executivesuite.blogs.nytimes.com/2009/06/08/the-apple-hype-machine/

As someone on another blog said, there is a danger to Apple of this perception:

&quot;In some ways Apple has painted themselves in a corner, being too afraid to break compatibility by innovate in hardware, leaving iPhone owners with a 2004 screen resolution, and meaning the additions they do end up adding appear trivial and unnecessary. At the same time the differentiation in software they have added create clearly arbitrary barriers (e.g. no A2DP for 1st gen iPhone owners, no voice dialling for iPhone 3G owners) and expose them as simply milking the franchise for as much as its worth.&quot;

The Pre is the next big thing, but is unproven. Plenty more new models coming out over the next few months. Some, from HTC, are pretty interesting and and are headed to ATT. Wonder how ATT will handle the conflict. We&#039;ll see how it shakes out.</description>
		<content:encoded><![CDATA[<p>ben22:  they are pretty cool. But, given the hype as described by Joe Nocera, the less-than-groundbreaking improvements might not be enough to meet expectations and produce a letdown. </p>
<p><a href="http://executivesuite.blogs.nytimes.com/2009/06/08/the-apple-hype-machine/" rel="nofollow">http://executivesuite.blogs.nytimes.com/2009/06/08/the-apple-hype-machine/</a></p>
<p>As someone on another blog said, there is a danger to Apple of this perception:</p>
<p>&#8220;In some ways Apple has painted themselves in a corner, being too afraid to break compatibility by innovate in hardware, leaving iPhone owners with a 2004 screen resolution, and meaning the additions they do end up adding appear trivial and unnecessary. At the same time the differentiation in software they have added create clearly arbitrary barriers (e.g. no A2DP for 1st gen iPhone owners, no voice dialling for iPhone 3G owners) and expose them as simply milking the franchise for as much as its worth.&#8221;</p>
<p>The Pre is the next big thing, but is unproven. Plenty more new models coming out over the next few months. Some, from HTC, are pretty interesting and and are headed to ATT. Wonder how ATT will handle the conflict. We&#8217;ll see how it shakes out.</p>
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		<title>By: ben22</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-180859</link>
		<dc:creator>ben22</dc:creator>
		<pubDate>Tue, 09 Jun 2009 02:42:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-180859</guid>
		<description>who was it on here that said apple would never lower any prices?

http://tech.yahoo.com/news/ap/20090608/ap_on_hi_te/us_tec_apple  

From $600 to $99 in two years.

&quot;Every $100 you move down in consumer electronics brings in a lot more customers,&quot; he said. &quot;Ninety-nine dollars is a psychological price point, so that&#039;s a real barrier to move through. It becomes something people can afford — it becomes an affordable luxury.&quot;

those new phones better be real cool</description>
		<content:encoded><![CDATA[<p>who was it on here that said apple would never lower any prices?</p>
<p><a href="http://tech.yahoo.com/news/ap/20090608/ap_on_hi_te/us_tec_apple" rel="nofollow">http://tech.yahoo.com/news/ap/20090608/ap_on_hi_te/us_tec_apple</a>  </p>
<p>From $600 to $99 in two years.</p>
<p>&#8220;Every $100 you move down in consumer electronics brings in a lot more customers,&#8221; he said. &#8220;Ninety-nine dollars is a psychological price point, so that&#8217;s a real barrier to move through. It becomes something people can afford — it becomes an affordable luxury.&#8221;</p>
<p>those new phones better be real cool</p>
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		<title>By: call me ahab</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-180822</link>
		<dc:creator>call me ahab</dc:creator>
		<pubDate>Tue, 09 Jun 2009 01:39:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-180822</guid>
		<description>M in Nola-

high tech stuff- reminds of the solar dryer for $29.99-  when you get the package inside is a clothesline and clothes pins</description>
		<content:encoded><![CDATA[<p>M in Nola-</p>
<p>high tech stuff- reminds of the solar dryer for $29.99-  when you get the package inside is a clothesline and clothes pins</p>
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		<title>By: Mike in Nola</title>
		<link>http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/comment-page-3/#comment-180797</link>
		<dc:creator>Mike in Nola</dc:creator>
		<pubDate>Tue, 09 Jun 2009 01:04:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28493#comment-180797</guid>
		<description>Boy, been looking at posts on some realtively neutral sites, like Gizmodo and Engadget. Doesn&#039;t sound like today was an unadulterated success for Apple.  One of the much anticipated and missing features of the new phones was a front facing camera to allow video conferencing. Not to worry, Apple has taken care of it:

 http://gizmodo.com/5015395/apple-introduces-iphone-3g-videoconferencing-kit-zomg</description>
		<content:encoded><![CDATA[<p>Boy, been looking at posts on some realtively neutral sites, like Gizmodo and Engadget. Doesn&#8217;t sound like today was an unadulterated success for Apple.  One of the much anticipated and missing features of the new phones was a front facing camera to allow video conferencing. Not to worry, Apple has taken care of it:</p>
<p> <a href="http://gizmodo.com/5015395/apple-introduces-iphone-3g-videoconferencing-kit-zomg" rel="nofollow">http://gizmodo.com/5015395/apple-introduces-iphone-3g-videoconferencing-kit-zomg</a></p>
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