Monday, January 30, 2012

Would Jim Rogers Buy Facebook? No!

Would Jim Rogers buy Facebook IPO? No! I can't blame him. The fish are biting, though. The Nasdaq is near 11 year highs as I type. Even today's early morning swoon is met with buyers by the end of the day. Today was similar to Friday, in that any weakness is bought up. That's pretty bullish. Yet, we are extended and at those highs I mentioned early.

Could the Facebook IPO be the end of the rally?

Hmm...

posted from Bloggeroid

Friday, January 27, 2012

#139: News of the day, Romney or Gingrich? Obama vs. Brewer, Retirement in the US

Thursday, January 26, 2012

Nintendo Loses $575 Million!

Whoa! Nintendo lost $575 million bucks! Remember when it was hard to find the Nintendo Wii? Or when the handheld Nintendo DS was the handheld game to have. That was years ago, believe it or not. In the meantime, the gaming system has been under pressure by the more powerful Microsoft XBOX 360 and Sony PS3, while the handheld is losing ground to the iPhone and Android phones - tablets, too.

Nintendo is promising Wii U in the Fall, while Microsoft is planning the next generation of the XBOX in 2013.

$575 million dollars . Yikes.

posted from Bloggeroid

The End of DSL?

I read that ATT lost well over 600K DSL subscribers in the 4th quarter of 2011. Now, in 2011 I switched from ATT DSL to ATT U-verse. But it seems that not all of the folks leaving DSL went to U-verse. ATT actually lost customers to cable internet.

People are craving bandwidth for streaming movies, playing games, and surfing the web. All our iPads and Androids consume bandwidth to download music and web content. DSL is just too slow.

I was surprised that more folks weren't signing up for U-verse. But not all homes have fiber to the house, and that sends them to the cable companies to get the bandwidth they need.

posted from Bloggeroid

Quick Market Thoughts

The stock market had been strong this week, but showed a little weakness today. There are lots of news stories floating by. Apple's earnings were amazing. Netflix is the comeback kid. But there have also been a few misses. Europe and Greece and such are still there, but largely ignored this week. The Fed says they're going to keep interest rates low half-way through the 2nd Obama term, or 2014. The President is promising free student loans and cheap refinancing for all.

The stock market looks tired to me. I think we're due for a pullback The Black Box has re-iterated a sell signal. If I was scaling out of stocks, I'd have three sell points at this point

I have reduced my long positions by about 20%, which leaves me - tada! lets do the math together - about 80% long. But I could sell more at any point. Or go back long. Or put the cash on a super bowl bet.

Hmmm.... Does everyone love the New York Giants and the points? Might lean the other way.
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Still struggling through this stupid cold. Cough. Walking the dog but haven't felt up to a podcast or audioboo.

Tuesday, January 24, 2012

Obama’s State of the Union: Tax, Tax, Tax!

imageAll I heard in President Obama’s State of the Union was “raise taxes” and blah, blah, blah.

You?

Seriously!  It sounds noble and altruistic to go after those evil people who make money.  But it’s THEIR money.  They worked hard.  They earned it.  They’re even following the current tax laws in the tax code, and paying what they owe to the government.  If they feel under taxed and want to contribute additional money to the Treasury, this rich folks are free to write a check!  I’m looking at you, Warren Buffett.

When you add up the federal tax rate, the state tax rate, the local tax rate (in some cities), the payroll tax (Social Security and Medicare – and double it for the self-employed), many of The Rich are already paying over 50% in taxes.

Over 50% in taxes.  That’s not enough? 

I didn’t even include sales taxes, and everything else from taxes to fees on our homes, utility bills, cell phone bills, etc…

We’re all taxed enough, Mr. President.

Apple Surges on Earnings! It’s Raining Money!

image$AAPL – Apple is known for sandbagging their estimates and killing on the numbers.  But Chinese fighting for iPhone 4s phones can’t be wrong.  Everyone wants an iPhone.

No exceptions.

Apple has the formula of delivering the must-have phone of the year once a year, and is now rolling the phones out world-wide.

It’s raining money.