Very market/investing specific columns for your weekend reading pleasure:

• Some Dreary Forecasts From Recovery Skeptics (NYT)
• It’s spring and time to take profits (Market Watch)
Zweig: The Dividend-Fund Dilemma (WSJ)
• A Bond Pro Takes Stock at a Turning Point (Barron’s) see also
Weil: Groupon IPO Scandal Is the Sleaze That’s Legal (Bloomberg)
• Greek Debt Default: Investors’ and Risk Managers’ Perspective (Risk Data)
• New Face of the Housing Crisis: The Middle Class (The Fiscal Times)
Strange Politics: Texas-Sized Safety Net Supports County Voting 83% Against Obama (Bloomberg)
• Jobs’s Biographer to Page: What Part of “I’m Going to Destroy Android” Didn’t You Understand? (All Things D) see also Apple’s War on Android (Businessweek)
Confessions of an Ivy League Frat Boy: Inside Dartmouth’s Hazing Abuses (Rolling Stone)

What are you reading?

>

Apple vs S&P / Technology Stocks

Source: David Wilson, Bloomberg

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.

13 Responses to “10 Sunday Reads”

  1. Mike in Nola says:

    1 in 100 Macs have been infected in latest malware outbreak and are now part of a botnet. That’s a bigger percentage of Macs than percentage of Windows machines infected in the the biggest Windows outbreak ever. Plus, the Mac malware took only a little more than 6 months to get to where it is.

    http://www.zdnet.com/blog/bott/second-source-confirms-1-in-100-macs-are-infected-by-flashback/4737?tag=mantle_skin;content

    Yeah, I’m gloating, but that’s not the important thing. It’s that Apple users have to realize they are not running some invulnerable operating system simple because Steve said so. And, they have to act appropriately to get the systemic problem fixed. This occured because Apple took so long to patch a vulnerability in Java after it being informed of it.

    Saw an article on CNBC saying the solution was to disable Java. That’s not the real solution. You can disable Java, but there will be something else down the line. The real solution is to pressure Apple t0 take security more seriously and to provide timely automatic updates to machines running new and old versions of their operating systems. Some users of the older versions of the Mac OS have complained that the belated update wasn’t even offered to them when they tried to find the update. In contrast, MSFT rolled out automatic updates to Windows XP for years after its release.

    The MSFT version of Java was patched quickly after the vulnerability was discovered and only a very small percentage of the machines infected in the outbreak were running Windows (.06% of infected machines, which is a huge contrast considering that there are something like 10X the number of Windows machines out there). Those infected were almost certainly those with automatic updating turned off and were likely pirated copies where you have to keep that feature off so the operating sytem doesn’t learn that it’s a pirated copy.

    MSFT learned its security lesson in the mid-2000′s and, as a consequence and contrary to general belief, Windows 7 is generally acknowledged as the most secure OS in general use. About the only Windows machines that get infected are those where the automatic software updates are turned off. Some proof of the effectiveness of the MSFT efforts is that 1% of the machines infected in the recent outbreak were running Linux or FreeBSD, which had always been held up as examples of secure operating systems. That’s over 10X as many as infected Windows machines, again even though there are many more Windows machines out there.

    Apple has relied too long on brainwashing its users that Macs don’t get viruses plus the reverse of the Willy Sutton effect (Why do you rob banks? Because that’s where the money is.) While Apple machines were a tiny percentage of the PC market, there was no real incentive for hackers to go after Macs. With all the hype and the increase in numbers of Mac machines, they are a worthwhile target. While the Mac marketshare is stll relatively small compared to Windows, there are still 10′s of millions of machines to exploit.

  2. “…Barry James Dyke, author of The Pirates of Manhattan and
    recently released sequel, The Pirates of Manhattan II: Highway to Serfdom
    maintains Ron Paul is the only candidate consistently telling Americans the
    truth about its finances and the role that the Federal Reserve has in America’s
    decline.

    Dyke says, “Ron Paul is the only candidate addressing the heart of America’s
    financial woes, the Federal Reserve System. Since the crisis began the Fed has
    consistently been more interested in bailing out Wall Street rather than Main
    Street…”
    http://runronpaul.com/interest/nh-best-selling-author-maintains-ron-paul-only-presidential-candidate-telling-america-the-truth-about-america%E2%80%99s-economic-woes/

    + (from the link..)

    Related posts:

    1. “The Black Swan” author Nassim Taleb Cheers Ron Paul’s Economic Platform on CNBC
    2. The Truth about the Federal Reserve (Paul vs Cain): Ron Paul 2012
    3. Ron Paul’s Economic Plan: Cut 5 Cabinet Agencies, Cut Taxes, Cut President’s Pay
    4. Ed Rendell “The Only Person Telling The Republican Voters The Truth Is Ron Paul”
    5. Ron Paul 2012 – 0% Income Tax = New Jobs & Prosperity for America

    and, considering the Source, here..

    4. Ed Rendell “The Only Person Telling The Republican Voters The Truth Is Ron Paul”

    feel free to file under..”Ripley’s”, if one must..~

  3. JimRino says:

    The right wing has words, a lot of words, some would say: Hot Air.
    Krugman has Predictive Ability.

    Taleb was great at explaining how the catastrophic decisions of Wall Street where catastrophic.

  4. obsvr-1 says:

    • New Face of the Housing Crisis: The Middle Class (The Fiscal Times)

    “The subprime stuff is long gone,” said Michael Redman, founder of 4closurefraud.org. “Now the folks being affected are hardworking, everyday Americans struggling because of the economy.”

    ***
    Is it now time to stop harping on the unscrupulous homeowner who bought houses “knowing” they could not pay back the mortgage which took down the housing market and collapsed the Financial Industry !!

  5. http://search.yippy.com/search?query=Krugman+v.+Keen&tb=sitesearch-all&v%3Aproject=clusty

    Krugman, Keen, Money, Banking (Update)

    Quite a debate going on over the last week or so between Nobel Laureate Paul Krugman, resident New York Times economics luminary, and the relatively more obscure Steve Keen from Australia, who is not a Nobel Laureate or a New York Times luminary. Keen just should be.

    Of course I like Steve Keen in the whole thing – he’s on the blogroll, and I’ve had correspondence with him, and despite all the charts and graphs obsession and, you know, high intelligence, he is a normal person (probably unlike Krugman) and very, very decent. But talk about making a simple thing complicated. If you dare, read the summary of the whole Krugman-Keen face-off here and follow the links.

    The question boils down to: is bank lending “constrained” by deposits, reserves, capital, or the monetary base? This is related to another issue known among economists as “exogenous” v. “endogenous” money, two opposing theories that have their various adherents.

    Keen, of course, arrives at the correct answer…”
    http://strikelawyer.wordpress.com/2012/04/03/krugman-keen-money-banking/

    “…There is a bizarre asymmetry in economics: critics of Neoclassical economics like myself read Neoclassical literature avidly, not because we agree with it—far from it—but because we feel obliged to understand why they hold to their counterfactual views on the economy.

    Most Neoclassical economists, on the other hand, don’t even bother to consider critics within their own ranks—let alone critics from without. So to have a paper referred to is definitely a plus.

    In another sense, I’m appalled, because Krugman’s comments put on display that very ignorance of Neoclassical literature—let alone of alternative economic thought…”
    http://www.economonitor.com/blog/2012/03/krugman-on-or-maybe-off-keen/
    ~~

    Krugman–hewing to the Orthodoxy, being Wrong (though, afraid to admit it..), and *Proud of it..

    yet, another ‘High Priest’ of False Doctrines…though, muy` popular among those that *think they Think for themselves..Quelle surprise..~

  6. keithpiccirillo says:

    I’m reading about “The Internet of Things” and associated:

    The World Future Society: “Rethinking “Return on Investment”: What We Really Need to Invest In.”

    http://www.wfs.org/content/futurist/march-april-2012-vol-46-no-2/rethinking-return-investment-what-we-really-need-inves

  7. obsvr-1 says:

    Check out the Message to Shareholders from

    Robert G. Wilmers
    Chairman of the Board
    and Chief Executive Office

    http://files.shareholder.com/downloads/MTB/1774387691x0x546897/5C592DA0-5A87-4F46-8AF6-8639E1B8963E/2011_Annual_Report.pdf

  8. Bob A says:

    Something ‘Crazy’ Is Happening In The Southern California Housing Market
    http://www.businessinsider.com/something-crazy-is-happening-in-the-southern-california-housing-market-2012-4

    ~~~

    BR: I addressed the silly NAR affordability index (which Biz insider accepts unchallenged) as well. As the differences between Affordable in theory and actually having 20% down & qualifying for a mortgage

  9. Bob A says:

    I don’t think BusinessInsider actually analyzes anything they post seriously.. the criteria for them picking something up seems to be primarily how sensational a headline they can tack on to it. Nevertheless it can be entertaining…

  10. DrungoHazewood says:

    I always wondered why South Dakota sent George McGovern to the Senate, but then didn’t vote for him for POTUS. He brought home the farm bacon, but they didn’t want him running the whole show. I’d go back to see my grandmother’s relatives in eastern South Dakota, and it was either a scorching drought , a raging flood and /or tornadoes had flattened something. On an able-to-melt-lead Summer day you could go from bright searing sunshine to a menacing black, purple and ruby red cloud over your head in a few minutes. And then the hail would start to fall. Buckets of it. All of my grandmother’s brothers had skin cancer of one form or another. Two were missing their bottom lip. Most of my great uncles and cousins never made money. Even though they worked like mules, how could they make anything? Without farm subsidies, there was no way. Only my great uncle Elmer made anything, and it was because his farm was the size of Northern Ireland, and he raised cattle and hogs. He gave up trying to ‘grow’ anything, except for feed. I can imagine him depositing his subsidy check with a wry smile on his face, while the rest of my relatives scraped by. I never asked them “why don’t you stop farming and do something else?”. But I knew the answer.