I bought a little more APO and bought a little NLY. I’d done well with NLY over the years. But when interest rates plummeted and it started falling, my stop loss rule kicked in and I dumped it. I don’t like trying to “catch a falling knife,” but interest rates are picking up. And NLY is yielding 16.29% at this price. Some insiders have been buying also. Look across the chart. There’s seems to be a “resistance level” around its present price of $11.
I listened to Cramer’s comments on HP last night. He was bending over backwards to be nice to the the company. But his message was clear: Turning around Hewlett-Packard was a mnumentaly, if not impossible task. Hence, short HPQ. I always thought Meg Whitman couldn’t turn it around. And I never bought it, because I knew that Wall Street (and Cramer) was infatuated with her. Hence the rise — until now. No more.
They’re finally getting rid of Microsoft’s Steve Ballmer. Yipee. And I actually own a little. Amazing.
Weekend reading.
+ I love this story of a a boat salvage man who thoroughly enjoys his job. I wish the press would publish more “feel good” stories. Click here.
+ Stay away from emerging markets. Here’s a piece on one of the worst of them — India — from today’s Ecnomist. Why India is particularly vulnerable to the turbulence rattling emerging markets. My friend says the mess in India is entirely self-inflicted. For the Economist’s story, click here. Here’s a list of emerging market ETFs to short. Click here.
+ Voice-off: Android versus Siri. A comparison from New York Times’ excellent David Pogue. Click here.
+ Fed stays the course on bond buying. Click here..
This is so wonderfully stupid.
The FBI had an opening for an assassin . After all the background checks, interviews and testing were done, there were 3 finalists; two men and a woman.
For the final test, the FBI agents took one of The men to a large metal door and handed him a gun.
‘We must know that you will follow your Instructions no matter what the circumstances.
Inside the room you will find your wife sitting in a chair . . . kill her!!’
The man said, ‘You can’t be serious. I could never shoot my wife.’
The agent said, ‘Then you’re not the right man for this job. Take your wife and go home.’
The second man was given the same instructions. He took the gun and went into the room. All was quiet for about 5 minutes.
The man came out with tears in his eyes, ‘I tried, but I can’t kill my wife..’ The agent said, ‘You don’t have what it takes. Take your wife and go home.’
Finally, it was the woman’s turn. She was given the same instructions, to kill her husband. She took the gun and went into the room. Shots were heard, one after another. They heard screaming, crashing, banging on the walls. After a few minutes, all was quiet. The door opened slowly and there stood the woman, wiping the sweat from her brow.
‘This gun is loaded with blanks’ she said. ‘I had to beat him to death with the chair.’
Harry Newton whom everyone says is a “baby” for complaining about the slowness of the recovery of his cataract surgery. OK. It’s Friday morning. The operation was last Monday afternoon. I can finally see with both eyes open together. What I see is not perfect, but it’s clearly improving. There is light at the end of this tunnel. This weekend daughter Claire and husband Ted are visiting. So I’ll focus on something else — than self-pity.
You’re still quoting and referencing Cramer? Go find Cramer’s column from March of 2009 where he destroys Warren Buffett for recommending that people purchase American stocks. Cramer just rakes Buffett over the coals for this buy recommendation. If you had bought then, you’d be up about 150% today. This is but one of MANY examples of Cramer’s foolishness. Harry, YOU are a better investor than Jim Cramer.
I watch Cramer often. He has a daily show. Hence the urgency to produce several recommendations every day. That’s a hard row. I reject 90% of what I hear. But sometimes he latches onto something worthwhile — e.g. HON, ETN, MA, V, WEN and PF. I’m not shy about stealing other people’s investment ideas if, after checking them, I think they’re worthwile.
Your probably not done yet Harry. After months or a couple years as in my case(50%+ chance) your vision will become cloudy. Requiring a YAG laser posterior capsulotomy to punch a hole so you can see clearly again. The fun never ends until the end. enjoy life!
I had to have mine shot with the laser in about one year…painless, takes about 10 seconds and lasts a lifetime.
I am seeing better this afternoon. But I’ve just learned a new trick. You can crank Windows up to 125% (Control Panel/Display). This makes it a lot easier to read.
Glad the eyes are on the mind. Could not click through to the story about the FED destroying the savers, while making the banksters happy (bond buying). When did the WSJ clamp down on that?
If we had a functioning Congress. we’d have more fiscal stimulus — roads, bridges, etc. Instead the whole burden of reviving this struggling economy is on monetary stimulus — Bernanke’s money printing and bond buying. That benefits the stockmarket and bond traders. But doesn’t help those without a decent job.
And it, fiscal stimulus, doesn’t encourage businesses to spend their money growing and entrepreneurs to take wild chances creating whole new industries. Building “infrastructure”, particularly with the waste built into gov’t initiated work, doesn’t do any of that. None. And without “that” the economy is not going anywhere worth mentioning.
Pete, You’re obsessive about this entrepreneur thing and the “waste” of government spending. Let’s try three projects: New York City is putting in a huge pipe to bring water into the city. Without water, I suspect it might be difficult to flush toilets in all those new buildings which entrepreneurs have and are building. Then there’s the Second Avenue Subway which brings people to their jobs, some of which are entrepreneurial. Then there’s the work on our roads and highways which bring goods into the city (like food for the entrepreneurial restaurants) and takes waste out. Pete, there is waste in government. Just as there is waste in companies. But good government projects are needed. Unless, when you next visit us, you want to carry your poop-poop back to California in a bright blue doggie bag.
This is a fascinating article I read in WSJ hard copy. Can someone who subscribes to WSJ online please post it here? This may be the most important, best written article that nobody can open that Harry has ever posted.
Seriously — can someone post this article here in some form? t is great reading.