I am glad Bloomberg is recognizing that the tech earnings hasn’t been that great. I’ve been noticing this and trying to figure out the disconnect between what is going on with the NASDAQ. The majority of tech reporting bad earnings but the NASDAQ is still at lofty levels of 2900…there is a big disconnect here.
Archive for July, 2012
Signs of Slowdown: Tech’s Week of Weakness
Saturday, July 28th, 2012Google Nexus 7 inch Jelly Bean Android 4.1 Tablet Selling Very Well
Friday, July 27th, 2012
When Google announces their Nexus 7 tablet, and I read over the specifications I knew that Google had a winner.
Google was able to get the price and specifications to a level where it is balanced and consumers will be getting a very decent product for their money.
Just look at the ARM processor alone, a Quad-core Tegra 3 processor and also it’s communications capability with
WiFi 802.11 b/g/n and Bluetooth. Hands down this beats both the Kindle and Blackberry Playbook (worst of bunch).
46.5 Million Americans, Record 22.3 Million US Households, On Foodstamps; 8,753,935 On Disability
Friday, July 27th, 2012
The number is staggering how many households are on foodstamps and disability amid the recent news that the level of poverty today is at its highest since 50 years ago.
There are a lot of people suffering in the U.S.A, yet I still cannot believe the U.S Government continues to advance on its war plans into Iran. The truth is the politicians say they are pulling out of Iraq and Afghanistan, however that is the furthest from their intentions which is “occupation” of those countries and it is costing American taxpayers trillions of dollars.
Facebook Fails to Impress – Shares Down
Friday, July 27th, 2012Malca-Amit Large Gold Vault’s In Asia – Hong Kong and Singapore
Wednesday, July 25th, 2012
The capacity of the vault is around 56-80 billion dollars at current prices.
The 7 Habits Of A Highly Successful Trader – Great Advice from Jack Schwager
Wednesday, July 25th, 2012
This 1 hour audio book is definitely worth a listen by anyone wishing to achieve in the endeavor of trading or investing. If can get past 2 years without blowing your account, you are on your way.
However, to really be a consistent trader, investor it would realistically take 4-5 years at which time all the money you lost is just the “tuition fee”.
Closed AMD PUT Option/LEAPS Position – 15% Return
Wednesday, July 25th, 2012
I recently closed off a few AMD PUT option contracts/LEAPS. These were AMD PUTS for January 2014 at a strike price of $4.00. I purchased these when AMD’s share was trading around $6.75 (contract price was $0.53) and sold the contracts when AMD’s share price hit $4.26 (contract price was $0.91). See above MetaStock chart.
UPS Cuts Full-Year Forecast on Slowing Economy
Wednesday, July 25th, 2012
The transports are always a good indicator of where the economy may be heading, and the fact the UPS (United Parcel Service) has cut their forecast and is possibly laying off people is not a good indicator.
This usually means that companies/business and people worldwide are buying less which reflects in less goods being shipped. All a sign of a slowing economy.
by Das Brain
Apple Shares Plunge as IPhone-Lull Hits Earnings
Wednesday, July 25th, 2012
Earnings did not meet expectations and iPhone 4S did not sell as well as Apple fanboys wait for iPhone 5. Shares are off about 5%.
Also, the global economy is slowing and it is a possibility that people are generally spending less.
Quants: The Alchemists of Wall Street (Marije Meerman, VPRO Backlight 2010)
Tuesday, July 24th, 2012
Here is a great documentary on Quants. Those genius mathematicians that come up with financial products to be sold to investors. Some of the formulas they come up with are so complicated that the people that sell them don’t understand them.
The investors do not understand the consequences of these financial products as well. Well, heck even the Quants do not know the true extent of the consequences if these products react to unforeseen circumstances. Some of these products were responsible for causing the 2008 crash due to complicated credit default swaps and mortgage backed securities.
