[email_link] Some numbers on Apple…wow! Earnings: Apple had net income of $11.6 billion on revenue of $39.19 billion. Earnings per share were $12.30 (versus Street analysts consensus of $10.06 per share, $9.52 billion in profits on revenue of $36.8 billion); Profits rose 94%; revenues gained 58.9%for Q1 Apple’s cash = $110.2 billion at end of…
[email_link] Oh joy! And you all thought things have changed…that these people learned their lessons of too much derivatives. You all thought the regulators did something about this enormous blob of #%&#@. Of course, according to these masters of the universe, everything is under control. Go check out the underlying numbers on these opaque instruments. I am…
[email_link] MUNCIE, Ind.—Johnny Whitmire shuts off his lawn mower and takes a long draw from a water bottle. He sloshes the liquid from cheek to cheek and squirts it between his work boots. He is sweating through his white T-shirt. His jeans are dirty. His middle-aged back hurts like hell. But the calf-high grass is…
[email_link] DO THESE PEOPLE JUST MAKE THINGS UP AS THEY GO ALONG? DOES THIS MAN NOT KNOW WE HAVE $16 TRILLION IN DEFICITS? DOES THIS MAN NOT KNOW THAT JUST ABOUT EVERY MAJOR INITIATIVE GOVERNMENT HAS STARTED IS OR WILL BE INSOLVENT? DOES THIS MAN NOT KNOW WE HAVE MORE GOVERNMENT REGULATIONS ON THE BOOKS…
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[email_link] Call it President Obama’s Committee for the Re-Election of the President — a political slush fund at the Health and Human Services Department. Only this isn’t some little fund from shadowy private sources; this is taxpayer money, redirected to help Obama win another term. A massive amount of it, too — $8.3 billion. Yes,…
[email_link] We have been telling you that no longer can you just throw darts at the tape and make money…that fewer and fewer stocks and sectors were participating in the upside…and that in certain corners of the market, things were downright bearish. Well…heading into the “end of month window dressing ” week, not much has…
[email_link] Don’t you just love these people? Another in a long line of fabulous allocaters of capital! The upcoming United Nations environmental conference on sustainable development will consider a breathtaking array of carbon taxes, transfers of trillions of dollars from wealthy countries to poor ones, and new spending programs to guarantee that populations around the…
[email_link] Former Obama administration adviser Van Jones said the country should re-elect President Barack Obama to “stop the tea party” because former Massachusetts Gov. Mitt Romney would “govern as a tea party president.” Jones also said that some of Obama’s supporters misunderstood Obama as a “social movement leader” after his victory in the 2008 presidential race rather than as “head of…
[email_link] Let’s see: Delta/Northwest…Continental/United…US Air/America West…now AMR…Southwest/Airtran… We are screwed…prices will only go up. (MoneyWatch) US Airways (LCC) has filed an 8K with the SEC to begin the process of a takeover of American Airlines, which is currently in Chapter 11 bankruptcy. According to the SEC, Form 8-K is the ‘current report’ companies file with the SEC…
