ajtj99's Market Pulse

[sylvester80]

I hear you, but Texas Instruments didn't just raise sales guidance. They also raised profit guidance. And they supply almost half the mobile phones out there. Apple the same. They are a profit machine. For them to raise production due to demand by 50% is huge! So clearly someone must be buying all this stuff out there! So who are they??? And where did they find the money when supposedly the consumer doesn't have enough money to buy groceries.

What I'm seeing is that rental units are in hot demand. And when rent is most place is 30-40% less than a mortgage payment for the same place, I say the consumer is putting money in his pockets by turning over the keys to the dumbass banks who gave them 100% loan in the first place to buy that overpriced house. I truly do not see many consumers suffering from the mortgage debacle. The mortgage holders are the ones who are taking it hard. The vast majority of the houses were investor owned unoccupied and at 100% risk free loans. ANd if the banks were stupid enough to do that then they also deserve what's coming to them. After all they had record profits for 5 years now. Let them give it all back, including their idiot CEO pay.