March 2009
March 27, 2009 –
The fuzzy news continues. CNBC headline today is "Spending Up Again But Income Shows 0.2 Percent Decline". Who writes these headlines? [more]
March 26, 2009 –
I've caught a part of Obama's town hall. And there was a question there, - "when all the outsourced jobs are going to come back to the US and be made available to the unemployed workers in the US". [more]
March 25, 2009 –
I feel that the rally is over, the market cannot get up and rally on "good" news , and we had two today - better housing number and better order number. Which tells me the rally is out of steam and it is time to sell and get short.
March 19, 2009 –
I always found mind boggling the amount of taxes collected from us each step of the way. [more]
March 17, 2009 –
HPQ - it seems the time of reconing is coming for HP. First, it looks like Obama is going to tax foreign profits, which will close the tax loophole so loved by multinationals, including HP. Did you know that HP's effective tax rate is about 8-10%. What do you think is going to happen with effective tax rate of say 25%, rising dollar, competitors staging an assault at once and lack of innovation? I left HP 2.5 years ago because I just couldn't take the nonsense that was going on there anymore. Markn Hurd is talented operator, but you cannot cost cut your way to prosperity. At some point you have to compete on your product base. Case in point, - demise of Dell, which also thought that cost custting was the answer. [more]
March 11, 2009 –
People are trying to call a bottom, based on technicals, vodoo, economic statistcs etc. How about some common sense? [more]
March 10, 2009 –
After I practiced quite a bit of shorting last 2 years I gained insight into market inner work that I never had trading on a long side only. And I am pretty sure that most retail investors who only buy stocks often do not realize mechanics of what goes on in the market and interpret them incorrectly, just as I did. [more]
March 04, 2009 –
Venezuela seems to be very short on money and food. Even before oil prices dropped last year they were quietly selling off their assets abroad. With the oil prices at the bottom, Venezuela seems to be at the end of its rope. [more]
March 04, 2009 –
Some today's thougths [more]