February 1, 2012 - Quote of the Day
Favorite headline of the day: ?Greece Offers to Pay Back Debt With Giant Horse.?
Entries by DougD
Will Facebook Mark the Market Top?
The street is chattering today over the prospect of an enormous payday with the imminent IPO for the social media company, Facebook. Price talk is valuing the company as high as $100 billion, making it the largest such floatation in history. Could the mega deal spell the end of the current bull market? Look at
January 31, 2012 - Quote of the Day
?People are investing with a rear view mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ?out to be thinking about buying high quality stocks,? said Hersh Cohen of Clearbridge Advisors.
Is This the Chink in Japan?s Armor?
?Oh, how I despise the yen, let me count the ways.? I?m sure Shakespeare would have come up with a line of iambic pentameter similar to this if he were a foreign exchange trader. I firmly believe that a short position in the yen should be at the core of any hedged portfolio for the
January 30, 2012 - Quote of the Day
?The next big story in credit is going to come from Asia and that will be in Japan,? said Tres Knippa of Kenai Capital Management.
Fed Says Market Rally is BS
Well, they didn?t really say that, but they could have, and perhaps should have, and the bond market wholeheartedly agrees with them. That is my takeaway from the Fed minutes released yesterday indicating that the Federal Reserve intends to extend its hyper accommodative policies for at least another 6-9 months to ?late 2012.? It also
Report From Beverly Hills
I am writing this letter at a table in the alcove of the Polo Lounge at the legendary Beverly Hills Hotel. They did not disappoint on the movie star front, with more than an ample supply. At the table on my right, John Hamm, who plays the predatory ad man Don Draper in AMC?s Mad
January 27, 2012 - Quote of the Day
?China has been doing everything right for the last ten years. Our government is made up of 'C' students that were political science majors, whereas, the Chinese government is made up of PhD's that were educated at Cambridge and Harvard,' said one Washington observer.
Apple's Next Stop: $1,000!
Newspapers, TV, radio, and the Internet all carried the same headline in San Francisco today: ?Apple Now World?s Largest Company.? That was the response to the company?s Q4 earnings of $13 billion announced yesterday that drove its market capitalization skyward to $415 billion, surpassing ExxonMobile?s (XOM) once again. What is even more amazing is that
Goodbye Steve Jobs, Hello Dividend?
Analysts continue to be stunned by the rate at which cash is rolling into Apple (AAPL). At current cash flows, the company?s hoard is expected to grow from $96.7 billion to $130 billion by next June, an increase of nearly $220 million a day! So far, the company has resisted every entreaty to part with