My afternoon train reads:

Lying By Omission: Mutual Funds, Track Records and Departing Managers (Reformed Broker) see also Fix Your 401(k) (SmartMoney)
•  Why More Stimulus Now Would Pay for Itself—Really! (Atlantic)
Johnson & Kwak: Abandoning Gold Helped Dollar Gain Preeminence (Bloomberg)
Nocera: Government’s Not Dead Yet (NYT)
TARP Fail: Bailout Braggadocio Doesn’t Pay in the End (WSJ)
• How Well Do Initial Claims Forecast Employment Growth Over the Business Cycle and Over Time? (Fed St. Louis)
• What Tim Cook is doing in China (Gigaom) see also Apple Plans Further Investment in China as Cook Visits (Bloomberg)
• The originality of the species (Guardian)
• China Banks Said to Underestimate Local Government Risks (Bloomberg) see also China Soft Landing May Be Hard for Commodity Exporters (Bloomberg)
• Just the Facts. Yes, All of Them. (NYT)

What are you reading?

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Apple (AAPL) vs. Exxon Mobil (XOM) Market Cap Comparison

Source: Bespoke

http://www.bespokeinvest.com/thinkbig/2012/3/26/apple-aapl-vs-exxon-mobil-xom-market-cap-comparison.html

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

12 Responses to “10 Tuesday PM Reads”

  1. James Cameron says:

    If I didn’t know better I’d think that Apple chart was for a penny stock . . . it looks like El Capitan. Pretty incredible rise.

  2. Sechel says:

    Very interesting and the two businesses could not be more different. The potential for Apple is clearly higher, but the risk adjusted bet clearly favors Exxon. If Apple stopped R&D in a few short years they’d be broke, if Exxon did, the results would be quite different.

  3. cognos says:

    AAPL still cheap.

    Where will EPS be in 5yrs?

    XOM has about the same earnings / EPS as 5yrs ago… Apple? EPS and earnings are up much more than the stock price. Seriously, MUCH MORE. Thats why they have $100bln+ in cash. Thats why they will create another $100bln in less than 2 yrs.

    Multiple needs to be 20x.

  4. crunched says:

    Please someone note I said here and now on March 27, 2012… that APPL chart is going to end in a massive blow up of epic proportions and will probably be what ends this entire cyclical bull.

  5. RW says:

    Never could figure out a reliable way to filter out the noise in volatility metrics without increasing the influence of my own bias but this article, Volatility plunging to April low again?, posted by Danielle Park gives it a shot viz

    “…volatility has plunged to complacent lows once more just as price risk has soared. This pattern has coincided with market peaks and unexpected losses thereafter each Spring for the past several years as shown in this chart …”

  6. cognos,

    you go with..”…EPS and earnings are up much more than the stock price. Seriously, MUCH MORE. Thats why they have $100bln+ in cash. Thats why they will create another $100bln in less than 2 yrs…”

    if my ‘Reading Comprehension is ‘up to snuff”, you are ‘saying’..that, b/c “EPS and earnings are up much more than the stock price.”, “Thats why they have $100bln+ in cash. (and) Thats why they will create another $100bln in less than 2 yrs”..

    Really? how do you figure?

    it’s, seriously(?), b/c ” “EPS and earnings are up much more than the stock price.” ” ??

    I mean, I’ve heard some, Serious, Bull-Pimpin’, before, but, that one is ‘of “its own Breed”‘, no?

  7. Robespierre says:

    All those Apple fan boys and their comments. To the moon to the moon!!!

    Gee I wonder if I hear that before…

    “In March 2000 Cisco Systems, with a market capitalization of $531 billion, was the most valuable company on the planet. With 44,000 employees and a stock price at $80 per share, Cisco was poised for unstoppable growth and unending glory. Six months later with the crisp smell of cold cash in the air, Cisco president and CEO John Chambers vowed to change the world. Who knew that in a matter of days disaster would strike?”

    The Eye of the Storm: How John Chambers Steered Cisco Through the Technology Collapse…

    So where is Cisco today after a decade? Yes it too will happen to Apple

  8. JimRino says:

    It looks like a bubble.

  9. Bob A says:

    but it’s aaple. it’s different this time.