?Today, 20% of enterprises are using Apple computers on their desktop. For the first time in 30 years, for developers, it is Apple first, not Apple second. This fundamentally changes our investment thesis,? said Ann Winblad of Winblad Hummer Venture Partners.
Global Trading Dispatch?s Trade Alert Service posted a new all-time high yesterday, clocking a 52.8% return since inception. The 2012 YTD return is now at 12.62%. That takes the average annualized return up to 30.2%, ranking it among the top performing hedge funds in the world. Those happy subscribers who bought my service on May
Much of the fury in this morning?s nearly 60 point ?melt up? opening in the Dow was generated by hedge funds panicking to cover shorts. Convinced of the imminent collapse of Europe, the impotence of governments, and the death spiral in sovereign bonds, many managers were running a maximum short position at the opening, and
?Rock stars get room keys. I get business cards,? said New York Times columnist, Tom Friedman, and author of the book, That Used To Be US.
It is a fact of life that markets get overstretched. Think of pulling on a rubber band too hard, or loading too many paddlers at one end of a canoe. Whatever the metaphor, the outcome is always unpleasant and sometimes disastrous. Take a look at the charts below and you can see how extended markets
While in Zermatt, Switzerland recently, I took the opportunity to undergo my annual physical. Over the years, I have discovered that American doctors are so paranoid about getting sued that I can never get a straight answer about anything, so I do all of my physicals abroad. I like visiting Dr. Christian because he is
I?ve said it many times. Energy?s share of GDP at 17% is a wall. When we get to 17%, we almost always have a recession. And by the way, we are at 15% now,? said Joe Petrowski, CEO of the Cumberland Gulf Group, a petroleum marketer.
Mr. Market sometimes speaks in mysterious tongues, and you really have to wonder what he is struggling to tell us by taking the Volatility Index (VIX) down to a subterranean $13 handle on Friday, a new five year low. A number of advisors have been recommending that investors load up on the (VIX) in recent
I?ll never forgot when my friend, Don Kagin, one of the world?s top dealers in rare coins, walked into the gym one day and announced that he made $1 million that morning.? I inquired ?How is that, pray tell?? He told me that he was an investor and technical consultant to a venture hoping to
?We can?t even have a decent conversation about tax reform because there is so much mythology out there,? said former Treasury Secretary, Paul O?Neill.