[email_link] Research In Motion Ltd. (RIMM)’s stockpiles of BlackBerry smartphones and PlayBook tablets have swollen by two-thirds in the past year because of slumping sales, raising the chances of the company’s third writedown since December. The value of RIM’s in-house supplies grew 18 percent last quarter alone, a faster rate than at any other company…
[email_link] Warren Buffett (Net Worth $39 Billion) – “‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” George Soros (Net Worth $22 Billion) – ”I’m only rich because I know when I’m wrong…I basically have survived by…
[email_link] Of course, this should get him a promotion at MSNBC. Effete: affected, overrefined, and ineffectual; see “Chris Hayes.” OK, I appended the name of the MSNBC host to the dictionary definition. But if ever you wanted to see the human embodiment of the adjective in action, have a look at the video from his MSNBC…
Just a small note that the Greek elections are June 17th…not sure what it will mean. It is amazing that many believe the answer is more debt and government spending. This is what is believed here. I dont know when we got to that point but it is sickening to watch. The answer is the…
Futures flat after being up decently earlier. Germany and a few other countries said go screw to having European bonds…and knowing they would be on the hook when others defaulted…so Europe fell back. Trading probably light today but nothing to do anyhow. Without a follow through do, I am doing nothing more than to wait…
While the market is being defended, there is still a clear lack of ability to move things higher. In fact, they killed the clouds today…and the nasdaq lagged. It took a news-induced late day move to get the market where it closed. You have my lst of favorites…but I am not buying until market confirms…
Just in case, my favorite names are EXPE,SWI,MNST,TRIP,EQIX,EAT,CRUS,BBBY,SHW and most housing names. Other names are WFM,TSCO,MLNX,FIRE,GNC,CERN,EBAY,PII. Market had a good reversal…volume was heavier on the nasdaq but blah everywhere else. I actually hope we eo dot get a follow through day as I would like bases to be longer…but if one occurs, we will look…
[email_link] This is only the beginning of this administration’s misallocation of our capital. Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney’s tenure at Bain Capital. But the strategy could backfire in ways Obama did not anticipate. After all, if Romney’s record in private equity is fair…
[email_link] Bill Clinton just out-Clinton’d himself — posing with two famous porn stars in Monaco moments ago … and one of them’s a real up-and-comer. Clinton’s in a Monte Carlo casino right now for a special “Nights in Monaco” gala event — and several celebrities are in attendance … including Diane Kruger, Joshua Jackson… and a BUNCH OF…
[email_link] The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds. Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly…
