On the weekend I had a good talk with a good friend of mine and I asked, “what’s wrong with the US?” He said, “its easy, we are self-delusional.” I asked, “Really how?” He answered, “I sat down with a guy who was retiring from Ford in five years. He said he will be able (more…)

Ah yes, jobs were lost in the US, more than expected, and now it is all doom and gloom again. After all stocks have risen too much, too soon, and too fast, at least according to him. “Markets have gone up too much, too soon, too fast,” Roubini said in an interview in Istanbul on (more…)

In the you have got to be kidding me department, Ballmer admits that he screwed up Windows Mobile. Or how about I rephrase that he blasts the team. Sorry, but Ballmer this is two, count them, two major f***k ups under your tenure. The first was Vista, and now it appears the second is Windows (more…)

When you look at the Redhat balance sheet and its latest results you have to say, wow, this company seems to have their business under control. But I wonder, if not something bigger is happening. With every recession and every bust things change. When times are good there usually is not that much change. Sure (more…)

Well, now I do agree the market is getting frothy. When I hear the koolaid going around I naturally become sceptical. Of course I have been cashing out positions and banking my earned monies (Am up 28% from Jan 2008!!!) Essentially I outpaced the S&P, by not having lost any money in the 2008, 2009 (more…)

Disclosure: Yesterday I unloaded all of my Apple shares With my disclosure you can guess that I think Apple is a sell. While it is a sell for me, it might be neutral for you. Though you might wonder why I sold considering that I have previously said, “Apple, Apple, Apple”. As I have said (more…)

I consider myself more of a Warren Buffett type investor. I don’t trade, even though I could, and prefer holding shares for the longer term. But Warren’s rant against short term traders just does not make sense. The statement argues that a "healthy society requires healthy and responsible companies" working to achieve long-term goals. Instead, (more…)

Courtesy of High Probability trader I saw a really funny video video on the wassup guys. I especially loved the parts where the guy is looking at his portfolio, and the guy ringing the door bell in a hurricane.

Over at zero hedge there is a blog entry that talked about the pump and dump of the SPY. That pump and dump is not just on the SPY, but also on the QQQQ and a number of other stocks. I suggest you look at my image referenced by the link, which is a screen (more…)

Cramer has stuck his neck on the line as he is saying that the market will keep going up. Even though Doug Kass has said this was it. Ok folks, want to know what is going on? Summer is ending and the pension funds, and all of the other bigger investors are taking a dump. (more…)