After wiping out most of yesterday's gains with an early morning gap to the downside, the market rebounded into the afternoon and finished the day with minimal losses. A look at the intraday action of the NASDAQ...
Posted by 19 March 2012
Why Tim Cook Has Given Up on Apple and its Brightest Days are Now Over
Another sizable move today (albeit on low volume) for the market after Apple announced its plans to spend $10 Billion a year on dividends and buy back $10 Billion in stock. Personally I think this is bad news for Apple. The company boasts a market cap above $500 Billion because of its products, not because of a dividend. I feel like new CEO Tim Cook is already trying to think of ways to keep the stock at a lofty valuation long term because he knows Apple does not have a successor product to the iPad.
Simply put, there is nothing in the works that will keep the innovation train rolling.
Posted by 17 March 2012
6 Year Blogging Anniversary
It was six years ago today that I made my first blog post. Amazing how time goes by. Can't say it has been the easiest journey, but definitely worth it. 
Posted by 15 March 2012
March 15th, 2012 Market Recap, An Apple Theory, and a Wild Goldman Prediction
Despite Apple testing $600 then reversing to close down on the day - yes, I refreshed numerous times, the stock actually finished in the red - the market moved higher today after Goldman came out and said QE3 would arrive as soon as next month. Even a sniff of stimulus and the market goes nuts, its like catnip for investors.
Perhaps $600 is the magic number, but once Apple finds a top and actually kicks off a legitimate pull back, I theorize that the market will retract with it. After all, Apple is now almost larger than the whole retail sector combined.
Posted by 14 March 2012
March 14th, 2012 Market Recap, Goldman Executive Shares the Truth
Today's to-the-point market recap from Reuters, "The S&P 500 broke a five-day streak of gains on Wednesday as investors found little reason to extend a rally that took the benchmark index to four-year highs."
And perhaps the most interesting is this piece from Greg Smith published in the New York Times who is leaving Goldman Sachs. The full piece is worth a read. Some highlights...
