Anticipating An iPhone 4 Recall And Other Links
Anticipating An iPhone 4 Recall
- Time for an iPhone 4 recall? | Molly Rants – CNET News
- Consumer Reports Slams The iPhone 4 Over Antenna Issue – Tech Crunch
The Usual Fare
- Double-Dippers Are All Wet Ignoring Yield Curve: Caroline Baum – Bloomberg.com
- Banks facing permanent tax on pay and profits – minister | Business | The Guardian
- La banca española podría necesitar una inyección de 51.7000 millones – ABC.es
- China AgBank H1 profit up 40 percent | Reuters
- FT Alphaville – Tracy Alloway – Sovereign ratings made in China
- Bing Continues Growth, Ad Impressions & Clicks Way Up: Report – Search Engine Land
- Confidence in Obama reaches new low, Washington Post-ABC News poll finds – Washington Post
- Tax Cuts for High-Income Americans Depend on Democrats Blinking
- More Americans Concerned Illegal Immigrants Will Take Their Spot On Couch | The Onion
- Strategic Defaulters as the New Welfare Queens « naked capitalism
- George Steinbrenner, owner of New York Yankees, has died in Tampa at age of 80: source
- George Steinbrenner: The Most Hated Man in Baseball – 1990 – Newsweek
- Cross-check: Our Nature is Nurture: Are shifts in child-rearing making modern kids mean?
- Haiti a Patchwork of Starts and Stops on Quake Recovery | The Rundown News Blog | PBS NewsHour | PBS
- Best Places to Live 2010 – Top 100: 1-25 – from MONEY Magazine
- FT.com – China’s €1bn vote of confidence in Spanish bonds
World Cup
Ed-After the Intel and CSX announcements, do you still think probability is that stocks are headed down in the next few months?
As I said at the beginning of last week, the market was oversold. I think we
will really for a bit and depending on the economy we might even go higher
afterwards. This is still a secular bear market so returns will be low.
If the economy continues down the market will sink with it. For now though,
it’s sunny days.
Sent from my mobile phone
twitter.com/edwardnh
Don’t you think it odd that with so many indicators going one way, corporations are apparently not seeing the same thing? Have all these data points just been wrong or do you think corporations are just not going to fess up in order to keep share price high for as long as possible?
It is a bit odd that earnings are so much better than the economy but I think there are a number of factors which help:
1. Companies have record profit margins in part due to squeezing costs via technology and outsourcing. Just last week, I noticed that Safeway had an electronic checkout lane, for example. These are the kinds of innovations which depress American employment and incur a one-time cost but boost productivity and profits.
2. Companies are international so their earnings are not dependent only on US consumers. Alcoa and Intel are examples here.
3. Companies do play games with the numbers. They want to beat numbers as their stock options depend on it. And CEOs do understand that stocks have momentum; missing numbers can break upward momentum.
I’d like to see where the banks are starting this Friday.
Thanks Ed. I really appreciate your perspective.