{"id":15919,"date":"2012-11-08T09:08:30","date_gmt":"2012-11-08T14:08:30","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=15919"},"modified":"2012-11-08T09:17:51","modified_gmt":"2012-11-08T14:17:51","slug":"this-is-great-the-blood-is-starting-to-flow-the-fiscal-cliff-is-toppling-europe-is-cratering-china-is-slowing-and-therell-be-no-increase-in-corporate-earnings-in-2013","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=15919","title":{"rendered":"This is great. The blood is starting to flow. The fiscal cliff is toppling. Europe is cratering. China is slowing. And there’ll be no increase in corporate earnings in 2013."},"content":{"rendered":"
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There’s not enough blood, yet. There has to be more. Stocks haven’t fall enough to make them “steals.” For example, the Dow, despite yesterday, hasn’t fallen to its levels of June.<\/p>\n

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Stocks like AMT, HD, V, COST, AMZN and WFM are still in the clouds, not the bargains they should be.<\/p>\n

On the other hand, here are three stocks that have cratered. At some point they’ll be “bargains.” Meantime, my inviolate stock loss rule kicked in with both Apple and Con Edison and I kicked them out. Which made my sad. I was wrong.<\/p>\n

I’ve never owned Intel, though I clearly should have added it to my “Stocks To Short List<\/strong>,”\u00a0 which includes GOOG, AOL, Xerox, Microsoft, and Yahoo. No sense in shorting RadioShack at this point. But it’s been good.<\/p>\n

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Today, Jefferies’ Peter Misek put a $900 price target on Apple. He’s smoking something, though I do like the iPad mini. It’s much better than my new Kindle Paperwhite, which is great for reading in bed while Susan sleeps. She’s says my Lenovo ThinkPad X230 laptop is “too bright” and keeps her awake. But the Kindle doesn’t.<\/p>\n

Con Ed got hit by Sandy. But it had started crumbling before the storm. It’s not enjoyable to see boring electricity utilities suddenly become so volatile. Something is wrong with Con Ed but I don’t know what.<\/p>\n

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Intel is being hurt by lacklustre laptop and ultrabook sales and now, recently, talk from Apple that Apple\u00a0 might switch to ARM chips.<\/p>\n

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In short, now is a good time to be selectively short and heavily in cash. Wait for more blood. It’s coming.<\/p>\n

Favorite nut case interviewed: <\/strong>I love Marc Faber. He’s so doom and gloom. He’s so knee-jerk. Their boy loses. Obama wins. It’s disaster time. <\/strong><\/span><\/span><\/p>\n

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He gets interviewed on Bloomberg TV:<\/p>\n

\u201cI am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%…I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn’t care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.\u201d<\/p>\n

On where he sees the equity markets given Obama\u2019s reelection:<\/strong><\/p>\n

\u201cYou have offsetting factors. The problem with Mr. Obama is that you get more regulation and it\u2019s disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. But you still have Mr. Bernanke, and you still have because of money printing very high corporate earnings. They are now coming down, but they are still at the elevated level. You have money printing supporting the market and on the other hand, you have an economic slowdown globally which will affect earnings negatively. It is difficult to tell where the market will go because we have so much manipulation. I think, minimum, it will drop 20%.\u201d<\/p>\n

On how investors should protect their assets:<\/strong><\/p>\n

\u201cThey should buy themselves a machine gun\u2026I need to buy a tank. Joking aside, look, we have manipulated markets. Whenever you manipulate markets, you will get unintended consequences. i think the reelection is unintended consequence of money printing, that favors the so- called 0.25%. It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to but because Mr. Bernanke enabled them to be profiteers. We have a situation where you have today Mr. Obama, I doubt he will stay at the presidency for another four years. I think there will be so many scandals, but that\u2019s another story.\u201d<\/p>\n

Of course, none of this relevant to you and me. Nor does it mean anything — other than 24-hour financial news sites are desperate for cheap, fun content. Faber is cheap, fun content. He’ll probably even sell some subscriptions to his newsletter. To read his entire interview, click here.<\/strong><\/a><\/p>\n

Talk about dumb investments.<\/strong><\/span> The small cake goes to Ken Langone one of Romney’s biggest fund-raisers. But the big cake goes to Sheldon\u00a0 Adelson, who spent $60 million supporting eight candidates through “super PACs.” All<\/strong> of them lost.<\/div>\n
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According to the New York Times, Mr. Adelson did not seem overly concerned about the paltry (i.e. zero) return on his investment.\u201cPaying bills,\u201d Mr. Adelson said on Tuesday night when asked by a Norwegian reporter how he thought his donations had been spent. \u201cThat\u2019s how you spend money. Either that or become a Jewish husband \u2014 you spend a lot of money.\u201d<\/div>\n
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I knew Sheldon when he was Shelly, and poor. When he become rich, he became Sheldon.He doesn’t like Shelly today.<\/p>\n

His story reflects what I call my Tarzan Theory of Career Management. <\/strong>Shelly started out with his sister in the travel business in suburban Mass. He noticed how they were selling a lot of airline tickets to trade shows. Bingo, he went into the trade show business. His biggest was Comdex in Las Vegas. He noticed that the hotel\/gambling business was even more profitable than the trade show business. So he got into that. And the rest is history. He’s a billionaire, easily able to blow $60 million.<\/strong><\/p>\n

I have a million Tarzan stories. Another favorite is a friend who inherited his father’s literary agency. When he came to negotiate his first lease for some office space, he noticed how much he was being forced to pay… And bingo, he figured a more profitable business than being a literary agent. Now he’s both. But he earns much more from the real estate.
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It’s how you organize. <\/strong>I found this on Mark Cuban’s blog: <\/span><\/span><\/p>\n

The Irony of the Presidential Election<\/strong>
\nby Mark Cuban<\/p>\n

By all accounts, one of the defining differences in the election was “The Ground Game” . The outreach by the 2 candidates to reach voters “on the ground”, in their homes, on their phones, wherever it was possible to make a possible contact. Once the contact was made, the goal was to get them to the polls to vote for their candidate<\/p>\n

You would think that the candidate with the most business experience would be best prepared to build a national organization that ran like clock work and made the final difference in the election. You would be wrong.<\/p>\n

In the 2008 election President Obama was able to utilize social media as a call to action and funding and gain a huge advantage over the Republican candidate who couldn’t match the online advantage that President Obama created.<\/p>\n

In this election it appears that President Obama was able to gain re-election by putting together a national organization that only raised the same amount of funds as the Republican candidate, but was able to better use that funding to put together a ground game “business plan” that was not only better than the Republicans, but had better messaging, voter connection and was better planned, implemented, distributed and executed on than their “far better business people” Republicans.<\/p>\n

oh the irony.<\/p>\n

PayPal has been hacked.<\/strong><\/span> Change your password. It’s easy. Log in. Go to Profile.<\/p>\n

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Harry Newton, who’s excited. He’s finally finished the 27th edition. It will go to the printer in the next few days. Then he can concentrate on more important things — like finding bond alternatives, managing his shorts, finishing his estate planning and getting well. I’m sick of this cold.
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<\/div>\n","protected":false},"excerpt":{"rendered":"

There’s not enough blood, yet. There has to be more. Stocks haven’t fall enough to make them “steals.” For example, the Dow, despite yesterday, hasn’t fallen to its levels of June. Stocks like AMT, HD, V, COST, AMZN and WFM are still in the clouds, not the bargains they should be. On the other hand, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15919","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/15919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15919"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/15919\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}