I know it has been discussed ad nauseam, but how awesome is Apple? They made a record $18 billion for the quarter and will have close to $200 billion in cash after next quarter. It’s like they’re building their own sovereign wealth fund. Imagine 10 years from now when Apple’s fund is worth in excess of a trillion dollars. Then what? Something tells me Apple will play a very big role in finance, ten, twenty, thirty years from now.
Futures are slightly higher and my X is up about 8% in pre-market trading–thanks to much better than expected earnings. They cited a big pick up in consumer spending and flat-rolled products, tracking well with GDP.
Listen to me, you’re a super-jackass for shorting this tape. Inflation is non-existent and CPI numbers are going to be negative this year. Corporate earnings are great and europe is printing money. Our Fed, mind you, will eventually respond to negative CPI numbers and begin another round of QE. I’ve always said this was going to happen, so this is nothing new.
The biotech industry is making retarded money, which is why so many stocks are priced in the triple digits. This is it, folks. The economic renaissance that you’ve always wanted and dreamt about is here. The only thing that can stifle it, or delay the inevitable melt up in stocks, is human behavior through sentiment. All of that is transient, however. Outside of the matrix of your fictitious, horrible world, is a place that is booming with innovation, connectivity, and ideal for economic expansion.
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Nice entry on X yesterday; timing was impeccable.
Great call on X
No chance we can have another bull market without energy going higher or at minimum stopping the cratering.
Oil will bounce hard in Feb-March.
Get some sleep.
The euphoria makes me want to raise cash. I’m trying to resist the urge.
One day the sky is falling and the next day is the sky is blue. Must be exhausting to be you.