Read on as the MSM pick up on what I've been ranting about for 2 years. Virtually every penny of the big banks' profits consists of taxpayer bailout money. This doesn't include the ~60% of revenue paid out as bonuses, of course!
In the video clip below, I explain that the rating agencies DID NOT fail to do their jobs during the credit bubble and subsequent bust of 2008-2009, nor did they fail in the ongoing pan-European sovereign debt crisis. They succeeded wildly because they served their actual constituency --- the banks!
Oh, this 35% Apple correction, drop in margins, increase in competition and decrease in competitiveness of products is a temporary thing. Seriously!!! That Reggie guy shouldn't even be allowed on TV. Really!!!
I see many pundits on CNBC commenting on Apple. I believe they are ALL wrong! To begin with, nearly all of them are coming up with revaluations after the fact - which is simply too late and lacks credibility. Second, Apple has someserious steps to take if it is to get back into the mobile computing race.
Buy Apple till $1,000! Hurry & get this Facebook IPO while its hot! Short Google to go long Apple! I short the sell side & storm CNBC! Guess how it turned out....
Nice try, but they still haven't addressed margin compression. They need a new business model to counter Android's "less than free" approach. Watch their chart imitate the cliff dive, once again!
That didn't take long, did it? I guess it's bullish when your most dangerous competitor catches up to you in customers BEFORE you've fully developed your business model or method of monetization, right???!!!
I actually post a model that allows you to value your college education, ROI, NPV. In Twitter parlance, #FeelingsHURT! Then that VIRAL VIDEO detailing what??? Let's dig thought some facts...
