...more recent posts
Maybe I should make an economic page so I don't clutter up this one? In any case, I think this article from Bloomberg last year is an important history lesson: Bond Vigilantes Who Gave Bush a Pass May Ambush Obama or McCain.
"You mean to tell me that the success of the economic program and my re-election hinges on the Federal Reserve and a bunch of fucking bond traders?'' Clinton raged at aides....Yes Mr. President, yes it does.
To come back to the present week: Auction Results: Less Than Festive. I know the equity markets are way up, with the Dow, Nasdaq, and the S&P all threatening to break through important resistance levels - but it just can't last. Eventually I'll be right! :-)
Jim I dont know where our just for fun exchange is where I said AAPL $150 by June, well I was a month off:>)......I found this one from a year ago
Damn, Apple (aapl) is getting hammered after hours (down 11.2% to $147.98 right now.) They reported earnings today. Looked good to me, but I guess Wall St. didn't like their guidance for next quarter. If I believed in the market at all and had extra cash I would be buying in the morning.
- jim 7-21-2008 6:49 pm
$200 buy 2009, $300 by 2011
- Skinny 7-22-2008 9:40 am [edit]
I don't know about $300 - that would be an insane market cap. But I could imagine $200 in 2009 no problem (assuming the market doesn't collapse as a whole, and that Steve Jobs stays healthy - some pretty big assumptions.) I see Notebook and iPhone(/iPod) market share driving the increase. $152.31 right now.
- jim 7-22-2008 10:25 am
Steve just has to be careful not to fuck up.
- mark 7-22-2008 11:17 am
Ouch. I don't see it happening to aapl though, unless it's just following the whole market down.
Apple doesn't have a juggernaut of a competitor like Intel, and their hit products (iPods/iPhone) aren't just crap they got lucky with (Razr.)
Standard disclaimer applies: I have no idea what I'm talking about.
- jim 7-22-2008 11:35 am
Closed at $162. Should have jumped.
- jim 7-22-2008 4:54 pm
what should be posted on treehouse vs. core? is treehouse public? forgive me, can't figure it out...
Light introductory NYTimes article on the fascinating subject of high frequency trading. It's not mentioned in the article but I've read that ~70% of all trades in equity markets are made by these computer programs. There is a real worry about the stability of markets given this situation. And the story of Goldman possibly front running the market is very interesting.
SHOCKER!!! POLITICAL CORRUPTION IN NEW JERSEY!!!
Bribery, peddling of human organs! What next, black market Gucci and Prada bags?!!
Jay-Z vs The Game: lessons for the American primacy debate. Great example of serious blog posting that could never be duplicated in the MSM.
beertween
virtual Pete Best?
proof positive that humans are masochistic - squeaky chew toys for dogs. theres got to be more humane (for humans) ways of keeping them entertained that dont inspire thoughts of caninicide in those within drooling distance.
Jason Kottke has a great collection of youtube vids about "what fast looks like". I've posted a couple before - these are pretty fun.
TOP STORIES
Goldman Beats Street- Reuters
Goldman Sachs Group Inc said on Tuesday that its second quarter net income rose to $3.44 billion, or $4.93 a share, compared to $2.05 billion, or $4.58 a share a year ago.
very interesting article in Rolling Stone THE GREAT BUBBLE MACHINE
Wanna feel old? Remember that futuristic show from the seventies about Moonbase Alpha, starring Martin Landau and Barbara Bain. It was called "Space: 1999".
"Scratch the surface in a typical boardroom and we're just caveman with briefcases, hungry for a wise person to tell us stories"
alan kay (Hewlett-Packard exective, Co-Founder of Xerox PARC, etc etc)
more black flies
part of the the under belly of rock and roll has died