• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Research In Collapse

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Thu, 12/15/2011 - 17:32 | 1984955 Mark Carney
Mark Carney's picture

Ill trade anyone straight up 1 for 1 my Nortel stock for your RIM???



Thu, 12/15/2011 - 17:40 | 1985016 whatsinaname
whatsinaname's picture

See Last Solar action yesterday ?

Thu, 12/15/2011 - 17:54 | 1985091 WestVillageIdiot
WestVillageIdiot's picture

I didn't have time to check.  I was too busy buying Greek bonds and Greek bank stocks.  My financial advisor, some guy named Leo Komalakamakis, or something like that, told me that we would be able to retire in a matter of months if I follow his advice.  He seems like a sharp guy.  I look forward to my retirement. 

Thu, 12/15/2011 - 18:26 | 1985214 whatsinaname
whatsinaname's picture

I meant First Solar.. 

Thu, 12/15/2011 - 20:15 | 1985516 Ahmeexnal
Ahmeexnal's picture



Stupid people need smart phones.

Thu, 12/15/2011 - 17:40 | 1985018 HedgeAccordingly
HedgeAccordingly's picture

Morgan: Great Headwinds for RIMM http://hedge.ly/c7ndos

Thu, 12/15/2011 - 17:52 | 1985087 WestVillageIdiot
WestVillageIdiot's picture

I love Nortel stock.  I worked with a dipshit that watched $250,000 worth of Nortel stock options fall to $0.  Every time I think of that story I smile.  The guy was a real dumbass that fits right in with the majority of Americans in the 21st century. 

Thu, 12/15/2011 - 19:28 | 1985425 hannah
hannah's picture

thats nothing...i watched $4mil go to zip.....

Thu, 12/15/2011 - 21:00 | 1985684 James-Morrison
James-Morrison's picture

As long as we talking dipsticks...

RIMM is the new PALM: one-off products, management teams drunk on kool-aid.

Maybe Meg will buy them and add to HPQ's dinosaur wing.  

Thu, 12/15/2011 - 22:09 | 1985833 Almost Solvent
Almost Solvent's picture

They could relaunch it all under Compaq

Thu, 12/15/2011 - 23:34 | 1985951 UnderDeGun
UnderDeGun's picture

The Compaq DingleBerry

Thu, 12/15/2011 - 21:52 | 1985788 sun tzu
sun tzu's picture

As if the eurotards or third world trash are any smarter. Count yourself among the stupid masses unless you're one of the ruling elites.

Fri, 12/16/2011 - 02:44 | 1986176 TruthInSunshine
TruthInSunshine's picture

+ Nokia

Thu, 12/15/2011 - 20:27 | 1985621 Kick_the_Kan
Kick_the_Kan's picture

Research in deMotion..........

Thu, 12/15/2011 - 17:32 | 1984959 RacerX
RacerX's picture

Collapse in Motion

I was very surprised at the initial after-hours ramp. It's like someone got the minus signs backwards.

Thu, 12/15/2011 - 17:55 | 1985103 WestVillageIdiot
WestVillageIdiot's picture

We used to have all Motorola routers at work.  Within a couple years we will think of Blackberry the same way we do those old Motorola routers.  Every time we mention them the conversation will start with, "remember when?".  

Thu, 12/15/2011 - 18:44 | 1985286 Prometheus418
Prometheus418's picture

Not disagreeing, as its just progress marching on once again- but I am feeling a little wistful, as I like my Blackberry, and am not interested in any of the current iCrap.  But it happens.

Thu, 12/15/2011 - 21:55 | 1985798 sun tzu
sun tzu's picture

Try any of the droid phones. I had a crapberry for years and when I upgraded it was like going from the dark ages to the enlightenment.

Thu, 12/15/2011 - 22:13 | 1985837 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

Remember 3Com hubs?

Remember USRobotics Courier modems?  (I got a sysop discount!)

Fri, 12/16/2011 - 01:25 | 1986099 Tijuana Donkey Show
Tijuana Donkey Show's picture

Bay Networks bitches! Dropin some LANtastic bombs on IPX/SPX over token ring, goin old school.

Fri, 12/16/2011 - 10:41 | 1986706 VisualCSharp
VisualCSharp's picture


Thu, 12/15/2011 - 17:59 | 1985121 tekhneek
tekhneek's picture


Thu, 12/15/2011 - 19:12 | 1985378 SokPOTUS
SokPOTUS's picture

Fat fingers...

Thu, 12/15/2011 - 17:34 | 1984965 bankonthebust
bankonthebust's picture

Short RIMM & NFLX = Swimming in Fiat

Thu, 12/15/2011 - 17:57 | 1985112 WestVillageIdiot
WestVillageIdiot's picture

Both are already down 80 percent from their 52-week highs.  Give me the name of the next stock that is destined to go down 80 percent, before it goes down.  Do that and I will send you a bottle of Johnny Walker Blue, attached to a hooker's neck. 

Thu, 12/15/2011 - 18:25 | 1985119 tekhneek
tekhneek's picture

CMG (chipotle)

I'll give you an address after they stop trading at 90x earnings.

EDIT -- My bad: 49x earnings (it was 90 last time I checked like 2 weeks ago)

...49x though? I'm shorting this bitch and besides their food blows. Even if I lose every penny I'll still be happy because their food sucks and I know I made the right decision to short it. It tastes like dog food. If I wanted rice in a tortilla I'd move to Mexico... or go to taco bell and get it for 49x less fiat than they charge. Dog food == dog food. The only difference is price.


Thu, 12/15/2011 - 18:29 | 1985226 walküre
walküre's picture

Much appreciated. I'm in. PNRA as well. 2012 shall be good!

Thu, 12/15/2011 - 20:18 | 1985602 Ahmeexnal
Ahmeexnal's picture

As opposed to....KING'S FOOD AT BURGER KING????????


Thu, 12/15/2011 - 22:12 | 1985834 Almost Solvent
Almost Solvent's picture

But now they wrap all their burgers real fancy like

Thu, 12/15/2011 - 18:45 | 1985289 Prometheus418
Prometheus418's picture

That's a hell of a promising call, actually.  Nice one.

Thu, 12/15/2011 - 18:56 | 1985329 NotApplicable
NotApplicable's picture

But... but... they cook sustainably! (whatever that means)

I don't know about the two in the shopping areas locally, but the one next to campus has a line out of the door every day at lunch.

Of course, these are the kids I refer to as the 'stupids.' Myself, I just never saw the allure of spending $7 for a bunch of beans and rice.

Thu, 12/15/2011 - 19:18 | 1985394 walküre
walküre's picture

It's a fad and it doesn't have golden arches. They can't reinvent themselves and offer anything other than the Mexican shit fare of beans, tacos, cheap beef or chicken. Well, maybe they can stuff it in a blender and start offering rice and bean shakes or Mexican specialty coffees.

Who cares? Their P/E is 49 and they operate restaurants. P/E of MCD is 19 and MCD is able to reinvent themselves according to whatever the taste du jour is.


Thu, 12/15/2011 - 21:57 | 1985806 sun tzu
sun tzu's picture

Perhaps not everyone can afford lobster and filet mignon for lunch like you two turdbirds

Fri, 12/16/2011 - 11:18 | 1985859 Ahmeexnal
Ahmeexnal's picture

I'd be inclined to wager a bet that walkure dines on .99 euros at the falafel stand at the entrance of the Kurfürstenstraße U-bahn station.  When he's lucky and has been able to attract a john who is not a deadbeat during his workday, he dines at the 1.49 euro sausage stand so he can relive the highligths of his workday.

Thu, 12/15/2011 - 19:24 | 1985414 I did it by Occident
I did it by Occident's picture

I have some OTM puts on this one.  i just hope it goes down like Netflix.  I knew I shoulda shorted netflix when Hastings was on the cover of Fortune back in July.  Chipotle I believ was on the cover about a month ago so....

Thu, 12/15/2011 - 20:42 | 1985649 Don Birnam
Don Birnam's picture

+1 for this thesis.

...In addition to all you have outlined, CMG is a Cramer favorite. Short it with both hands.

Thu, 12/15/2011 - 23:27 | 1985937 distopiandreamboy
distopiandreamboy's picture

AMZN is 90x earnings...just saying.

Fri, 12/16/2011 - 02:56 | 1986180 TruthInSunshine
TruthInSunshine's picture

CMG is only down to 49x earnings in fantasty unicorns-munching-on-inexpensive-and-healthy-GMO-rice land.

In the real world, it's still a bloated turd of a burrito floating on the byproduct of sell-side researrch Montezuma's Revenge. It's McDonald's pig of a sister wearing lots of slutty lipstick.

Here's a generally reliable rule of thumb, as distasteful and demeaning as the process may be:   Any stock that's both been on Goldman's convict buy list and has had its own dedicated segment on James Jimmy Jam Cramer's Winners Of The New World-esque soundboard of bullshit is destined to lose 95%+ of its value given enough time, peak to trough.

Fri, 03/02/2012 - 08:13 | 2216301 l.hauri
l.hauri's picture

I know what you mean. I have the same opinion. I am sure that we will see improvements in the near future! yacht charter lefkas

Thu, 12/15/2011 - 18:59 | 1985337 Wannabee
Wannabee's picture


That will be GRPN. Do you ship UPS Red or limo?

Thu, 12/15/2011 - 17:34 | 1984967 Snakeeyes
Snakeeyes's picture

They are in trouble. But there was troubling data today and yesterday as well. Industrial production DOWN and Mortgage purchase applications DOWN.Don't buy the Austan Goolsbee "the economy is back!" garbage. Getting better, but there are still problems.


Thu, 12/15/2011 - 17:38 | 1985001 navy62802
navy62802's picture

I'm interested to see how low those home purchase figures are revised down next week.

Thu, 12/15/2011 - 17:34 | 1984969 junkyardjack
junkyardjack's picture

Salesforce has been on its steady move down as traders slowly head for the exits on that Momo, expect a 40% correction at some point soon when someone yells fire

Thu, 12/15/2011 - 18:28 | 1985224 tekhneek
tekhneek's picture

Google says their P/E is 5,110.63

...Is that... true?

Oh my god we're all going to be rich.

Thu, 12/15/2011 - 18:32 | 1985235 walküre
walküre's picture

GOOG p/e is 21. GOOG has cash coming out every orface of their collective employee bodies. GOOG could be a bank and have better ratings than most of the dilapitated retarded cousins.


Thu, 12/15/2011 - 19:10 | 1985296 tekhneek
tekhneek's picture

No no no, I mean Google Finance says that CRM (salesforce) has a P/E of over 5K.

That has to be the biggest momo stock ever if that's true.

Thu, 12/15/2011 - 20:37 | 1985642 Don Birnam
Don Birnam's picture

Sorry, Tek. CRM is essentially an operating subsidiary of Fidelity Management and Research. As such, the stock will decline when -- and only when -- Fidelity allows it to ( and even then, Fido will be recycling new 401k funds back into the[ir] name ).

Fri, 12/16/2011 - 01:11 | 1986081 tekhneek
tekhneek's picture

I definitely don't pretend to know everything so thanks for pointing that out.

Thu, 12/15/2011 - 19:21 | 1985406 css1971
css1971's picture

Yahoo says: P/E (ttm): 7,114.00

Have you seen the bubble job on the stock since 2008?


WTF? That and Apple are the only things keeping the nasdaq up.

Thu, 12/15/2011 - 19:31 | 1985440 walküre
walküre's picture

2012 w/o QE will bleed the equity market down. Nothing else keeping it up. Hopium call options have expired.

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