Month

April 2012
As if the financial markets needed another reason to have no faith in the ratings of the credit rating agencies, here is a bloomberg article providing just that: http://www.bloomberg.com/news/2012-04-25/california-above-deere-makes-ninth-largest-economy-a-deal.html INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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Nouriel Roubini and George Soros are exactly right.  Europe needs to grow as it is impossible to shrink out of an over-leveraged economy.  The ECB should be buying bonds and increasing the money supply to depreciate the Euro.  This would boost exports and decrease the severity of the recession. http://www.cnbc.com/id/47168723 INVESTING IN THE FINANCIAL MARKETS...
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Any thoughts of the U.K. sidestepping the slowdown in Europe were officially dismissed today by the indication that the U.K is indeed back in recession.  The U.K. has done an excellent job reducing government expenditures, but like it most European countries growth is a problem. http://online.wsj.com/article/SB10001424052702304723304577365301140802744.html?mod=WSJ_hp_LEFTWhatsNewsCollection INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE...
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For those of you that have been working with me for a while, you are probably aware of my distaste for private R.E.I.T.’s and many products that are pitched by other investment advisors.  As an insider in the financial services industry I’ve long since been amazed and sadly disgusted at the lack of both knowledge...
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Wellpoint’s (WLP) earnings decreased but beat expectations this morning.  The company raised its full-year earnings estimate to at least $7.65 meaning that at $71.77 the stock is trading at just over 9 times earnings.  Wellpoint is a cash flow machine and management consistently buys back stock, and because the valuation is reasonable, the buybacks are...
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While the headline number on durable goods was not very positive this morning, it was distorted by a decrease in government spending on aircraft.  Excluding that the numbers were up primarily on strength in the automotive sector.  While economic data has not been as positive as the data earlier in the year the economy is...
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It is no surprise that Moody’s is hearing it from banks who are trying to protect their credit ratings from downgrades.  Moody’s has constantly been behind the curve and has been truly a destructive force throughout the financial crisis throwing gasoline on fires.  The ratings agencies were an unmitigated disaster rating thousands of securities AAA...
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It is most definitely in Verizon’s and AT&T’s best interests if a third or fourth ecosystem of smartphones emerges so that they can reduce the amount subsidies they provide for Apple and Android phones.  Apple really has taken all of the power in their relationship with the mobile carriers and it has provided a tremendous...
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Apple (AAPL) beat expectations as usual earning a mind boggling $11.6 billion or $12.30 a share in their fiscal second quarter.  Much of the growth came from international markets where Apple still has a really good opportunity to increase market share.  The iPhone is generating 60% of revenue and the higher gross margins are having...
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Juniper Networks (JNPR) earnings beat expectations due to strength in their switches business.  This should bode well for Cisco (CSCO) which is one of our larger holdings.  Government spending has been light particularly in Europe which was expected.  I’ll be interested to see if Cisco is still winning market share from Juniper which we’ll find...
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