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There is a difference between asking "what do you think the national position should be?" and "what do you think?". Similarly, I expect to see a difference in response as well.
If you don't have the "pay grade" to even have a personal opinion, then why the hell should anyone entrust you to a position that requires you to make decisions on that very issue for all of us?
Ok I'll go ahead and say it - IF that story is true - that's a really fundamental bug that should *never* have gone through. IMO there have been too many incidents like this lately and I'm concerned Apple internals are not as focused as they should be.
Joke's on you. This week, MSFT is in an upward trend, while AAPL is not.
Hey bud - maybe joke's on you - I'm the one looking for this stock to go back to double digits.
I believe that the Gov will use thse two to do something about the housing problem and try to boost economy.
Ditto.
Effectively, they're going to (try and) use Fannie and Freddie to arbitrage the difference between Treasuries (debt selling at 50 year highs) and MBS (debt selling at long term lows). The mandate is to "help" the economy at the expense of profits - they've been quite clear on that.
And now with the shorts all covered, you can watch the price shrink along with the trading volume.
Good luck!
Dude, other than the occasional amateur nutbar, NOBODY is shorting sub-$1 stocks. Those guys have already covered - that's been an important chunk of the buying this week.
Shorts have cashed in and left the building. Expect less buying support as time moves forward.
OT: Ok, that's kind of funny. Personally I find it unlikely that someone making statements like below is even electable:
"Whether you're looking at it from a theological perspective or a scientific perspective, answering that question with specificity is above my pay grade."
You'd think after the Gore and Kerry experiences the party would have learned that weasel-wording is a sure way to alienate the electorate, especially undecideds. Grow a pair and take a @#$!@ stand already - even if I disagree at least I'll know what to expect from you and can better weigh the options.
Back to the markets...adding some long term long-China through the various ETFs. AAPL looking about as gaunt and sickly as its fearless leader, something around 110-115 would look like a real nice entry point.
What is the right [phrase] for total implosion caused by pandemic, catastrophic, stupidness?
"Microsoft's latest ad campaign".
But, then along came Sarah. I love that women. She is so hot!
GOP going after the MILF vote. :)
I heard on CNBC...thats why I bought.
Oh the irony...
Damn, I may have to take that back. Courtesy of Bloomberg...
The U.S. Treasury and the Federal Reserve have been working with Lehman on a sale, and a deal may be announced before Asian markets open Sept. 15., a person with knowledge of the matter said.
We need to do something to make government more responsive....
For sure! I mean, just look at Lehman Bros. This is a major global investment bank with both the sitting President's cousin AND brother acting as advisors - and they're still going down the tubes!
Bud, when even kin can't get the gov't to respond, you know something ain't right in Hazzard County.
OT: And here we go - now that Fannie has been socialized and no longer has a mandate to at least pretend to be fiscally responsible - Senate Dems are asking F&F to stop foreclosing on deadbeat properties.
Let the "just sell more Treasury bonds" games begin.
OT: ...'wasting my vote'...
By that logic anybody who didn't vote for Shrub "wasted" their vote - including all Gore and Kerry voters.
It is interesting that Lehman is having the troubles they're having despite having a couple of very familiar names as "advisors" - Jeb Bush and George Walker.
OT (because I'm bored)
Roubini (who I don't much like, to be honest) goes off:
"Like scores of evangelists and hypocrites and moralists who spew and praise family values and pretend to be holier than thou and are then regularly caught cheating or cross dressing or found to be perverts these Bush hypocrites who spewed for years the glory of unfettered wild west laissez faire jungle capitalism (and never believed in any sensible and appropriate regulation and supervision of financial markets) allowed the biggest debt bubble ever to fester without any control, have caused the biggest financial crisis since the Great Depression and are now forced to perform the biggest government intervention and nationalizations in the recent history of humanity, all for the benefit of the rich and the well connected."
Heh heh heh - nothing like a pissed off economist to rant like a ruptured lava vein.
OT: I think I'm not being clear. The indie voters both parties need to win don't look at this as "oh, it's a meaningless vote because the Supremes said blah blah blah". They're more likely to look at it as "even in a meaningless vote these clowns can't vote their professed beliefs". It makes the politicos look unprincipled, it reflects badly on the party, and it comes across as arrogant and condescending.
Look, man, I'm their target voter. And I'm telling you the Dems are really pissing me off, and I don't even live in the country anymore! You can respond that I shouldn't feel that way etc, but friend, that is no way to win hearts and minds, even if at some level you're right.
The common stock carries no dividend and holders of the common are therefore not entitled to ANY earnings. Zero, nada, zilch. Someone constantly touting "Finance 101" should know that...
OT: Reuters
WASHINGTON (Reuters) - The White House on Wednesday endorsed a bill, backed by scores of Democratic lawmakers worried about getting re-elected in pro-gun districts, that would repeal gun laws in the U.S. capital.
Not a done deal yet, but looking like a lock.
FRE paid many of billions of dollars in dividends.
So did Enron. Right up to six weeks before the house of cards came down.
...no matter how many times I hand them on a silver platter opportunities like this.
Wait a minute - aren't you the dude who was pumping the $70 buyout of ANSW as it slid down the shi**er from $25 to $5?
Was FRE making money up until this meltdown?
Not in any meaningful sense. They were screwing with the debit/reserve side of the ledger to create the illusion of profits. The reason they're in this mess now is because their model (yes, it has changed over the years) was not sustainable. Which is just a fancy way of saying the reported profits were smoke and mirrors rather than real.
This mess didn't happen overnight - it's been 2 decades in the making. Until a public autopsy is done on Freddy's and Fannie's corpses (which unfortunately may never happen) we have no way of knowing precisely how much of the business was legit and sustainable.
Keep in mind their purpose post-takeover is not to run a sane business model - it's to prime the economic pump. There is a very good chance the level of risk they take on will actually *increase* in the short/medium term.
OT: Who is zooming who - Democrats supporting repeal of gun control legislation AND opening up off-shore oil drilling? I'm telling ya - it's Kerry II all over again - throwing away the moral high ground is a sure way to blow this election.
I said it then and I'll say it now - Dean supporters who held their nose and went Kerry stuck a 9-inch nail of expediency through the heart of the Dem party.
I believe 2.1 doesn't get released until Friday. EOM.
OT: If the rumor that Goldman wins the prize of picking over Lehman's carcass are true (possibly before tomorrow's opening bell), then Goldman is IMO a high quality, long-term short. Has to be done in a risk-contained way, of course, and will require oodles and oodles of patience.
All IMO, YMMV, DYODD, etc.
On a related note, It has now been over 10 years since MSFT first reached the current share price.
What would make for great entertainment is if Jobs' successor could be someone like Ballmer - the mind boggles at the kinds of fireworks that would ensue.
I'm not ready for the Jobs era to end just yet...
Me neither. :(
It would be the tech equivalent of losing Johnny Cash or Frank Sinatra or Joey Ramone. :( :( :(
Dead man walking. If nothing else even a hint of vulnerability will cause an epic internal food fight that is unlikely to, ah, help the company stay focused.
In your rush to pomposity you missed that I flipped from short to long yesterday morning. Why you insist on being such an ass with someone on the same side of the trade as you is "way over my head"...
I'm out now, enjoy the rest of the ride.
I'm taking on short exposure on AAPL - way OTM, near-month, cheap, and rolling over every 4-6 weeks. IMO there is a legit chance this stock takes a 30% overnight haircut at some point in the not-distant future.
No offense but - you first. :) I'll be anxiously awaiting your report.
Just like Gene Munster "guessed" yesterday.
Damn, good thing you read that "media crap".
So this thing will pick songs from MY library (ie, songs I already know since I already own them) to go with other songs in MY library?
Without a subscription service to an all-inclusive library, what the heck is the point of this?
Yawn.
My god is he aging fast. EOM.
And where's my damn bluray drive?!
Does anyone use Firewire for internal drives?
Hell no. Modern quality drives are too fast for FW800 and SATA2 is both cheap and four times as fast.
USB2 is even worse. A lot worse.
...i've been a shareholder for 4 years ...
Ok, that explains a lot. The last 4 years have been fantastic for the share price, and while I don't want to minimize the "gyrations" that have occured, compared to what the old timers here have experienced they're nothing.
Quite a few of us where trading AAPL back in the day when it wasn't even clear whether or not this company would even continue to exist in a meaningful manner...
...he's simply reading this crap in the media...
That is neither called for, nor true.
I don't "know" - I'm making an educated guess. EOM.
I'm saying someone who confuses a bullet-pointed press release for the actual agreement is in way way WAY over their heads.
Cheers.
Oy vey...that's not the agreement, that's the press release.
IMO that is an extremely misleading way of phrasing the reality. I'm not going to argue with you over it - differences make a market - but I would strongly urge anyone thinking of dipping a toe in the Fannie/Freddie mess to look at the agreement very carefully - preferably with the assistance of someone well versed in this stuff.