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Google and Tesla: Buys at Highs?
Source: The Big Picture
Tag Archives: Media
Weak CPI = Fed Keeps Foot on Gas Pedal
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Source: Weak CPI Reading Means the Fed Will Keep Its Foot on the Gas Pedal
Source: The Big Picture
A Few Words About Alan Abelson
We learned of the sad news of Alan Abelson’s passing yesterday.
I know so many people who have “Abelson stories” — from Doug Kass to Stephanie Pomboy to David Rosenberg to Phillip Dunne. Hopefully, these folks will share some of their memories about the man and the writer in the coming days. (Josh does a nice job here).
Ableson’s dry sardonic wit made him everyone’s first read in the weekly, whether it was in print or online. His ability to turn a phrase, capture the zeitgeist in a sentence and then delightfully disembowel it a phrase or two later. CJR notes that Abelson spent 57 years at Barron’s, and “started writing his withering Up and Down Wall Street column in 1966 and continued writing through February of this year.”
He turned his sharp eye and acid pen on the absurdity of Wall Street, and the systemic ways that financiers labored to separate good people from their money. He was criticized at times for being to bearish — in the late 1990s and again in the mid 2000s — but in each case, he was ultimately proved correct. Besides, a journalist’s job is to shine a light on issues of potential importance — not generate a weekly positive P&L.
I recall my first ever mention in his column back in 2004 or 05 — when someone you have admired for so many years says something nice about you (even in passing) it can be overwhelming. At the time I worked at Maxim Group — a sell side firm with about $5B in assets. I remember getting a call from Ed Rose, the firm’s general counsel, at home on the weekend to congratulate me about the mention — which speaks volumes more about Abelson’s stature and influence than anything it says about me.
We took in the sad news yesterday, knowing the likes of Abelson will never be replaced. Randall Forsyth has been doing an excellent job handling the column in Abelson’s absence . . . but I do not envy the task that lay before him, for those are some mighty big shoes to fill . . .
Source: The Big Picture
Apple Shares Below $400 But “This Isn’t Microsoft”
Aaron Task:
Barry Ritholtz, CEO of Fusion IQ and author of The Big Picture blog, has been ringing the alarm bells about Apple stock for months. A self-described Apple fanboy, Ritholtz was warning that Apple could fall below $500 a share late last November (the stock was trading in the $571 range at the time) and has since lowered his forecast to $350 a share. Last October, Ritholtz started to unwind his clients’ positions in the tech giant, cutting their exposure by at least a third.
Ritholtz says the stock could may full further from here but does not believe the end of Apple is near.
“You cannot grow 20, 30 percent as a hardware company forever,” he says in the accompanying clip. “Apple is transitioning from a growth stock to a value stock.”
We also had this warning back when Apple $625 . . .
Source: The Big Picture
Ritholtz on U.S. Markets, Budget Negotiations
Barry Ritholtz, chief executive officer of FusionIQ and author of the “Big Picture” blog, talks about global markets. U.S. corporate earnings and budget negotiations. He speaks with Tom Keene, Scarlet Fu and Sara Eisen on Bloomberg Television’s “Surveillance.”
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Source: Bloomberg
Source: The Big Picture
Ritholtz: Sentiment, Housing, Stock Market Rally
Barry Ritholtz, chief executive officer of FusionIQ, talks about the performance of the U.S. stock market. Ritholtz, Ed Pinto, a resident fellow at the American Enterprise Institute, and Tim Rood, managing director at Collingwood Group LLC, also discuss Fannie Mae’s 2012 profit. They speak with Trish Regan and Adam Johnson on Bloomberg Television’s “Street Smart.”
Ritholtz, Pinto, Rood on Stocks, Fannie Mae Profit
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Fusion IQ’s Barry Ritholtz, AEI Resident Fellow Edward Pinto, The Collingwood Group’s Tim Rood and Bloomberg’s Peter Cook discuss the problem with Fannnie Mae’s large profit. They speak on Bloomberg Television’s “Street Smart.”
Fannie Mae’s Big Comeback Story
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On today’s “Chart Attack,” Fusion IQ’s Barry Ritholtz and Bloomberg’s Adam Johnson look at bearishness in the stock markets. They speak on Bloomberg Television’s “Street Smart.”
How Bullish and Bearish Are Market Strategists?
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Wells Fargo’s Ron Florance, Fusion IQ’s Barry Ritholtz and United Futures Trading’s Gary Kozlowski discuss the outlook for U.S. stocks on Bloomberg Television’s “Street Smart.”
Is the Stock Market Unstoppable at This Point?
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Source: The Big Picture
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