This Apple Is Sweet!
Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone – we sold more phones than RIM. We don’t yet know how this economic downturn will affect Apple. But we’re armed with…
Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone – we sold more phones than RIM. We don’t yet know how this economic downturn will affect Apple. But we’re armed with…
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of…
The time of maximum pessimism is the best time to buy. – Legendary Investor John Templeton Yesterday Merrill Lynch released their monthly survey of fund managers for October. The survey covered 172 fund managers with $531 billion under management. Merrill…
eBay (EBAY) reported 3rd quarter earnings after the close today and while the 3rd quarter was okay their 4th quarter guidance was well below Wall Street estimates (EBAY 3Q Earnings Release). They guided to EPS between 39 cents and 41…
It’s my opinion that we’ll look back at last week as the 2008 trading low (not to be confused with a market bottom) before a harsher downside comeuppance arrives next year. – Todd Harrison, “Have we seen the 2008 trading…
Intel (INTC) kicked off 3rd quarter tech earnings after the close today and they did it in style (INTC 3Q Earnings Release). They reported EPS of 35 cents a share compared to estimates of 34 cents and revenue of $10.22…
Socialism, n. : Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy. Today I am announcing…
The market could be pretty crazy next week. I’m not sure how much posting I’ll do. I’m putting up this week’s Client Note on the blog as a bonus: Top Gun FP Client Note: Worst Week Ever (10.12.08).
The impact of a default far outweighs the economic impact of just the debt and equity a company has issued. When you write derivatives to take exposure and have more people betting, you magnify the impact of a default. –…
We just don’t know how any indicator or assumption will fare since there has been nothing like the current market since at least 1987. Arguably, there has been nothing like it since 1929. – “When Market Analysis Capitulates” (subscription required),…