Hard to argue with the upside success of AAPL, shown here vs S&P500, despite a rally with the same bubble profile as past tech wonders. Data from Wolfram.com
Saturday, October 23, 2010
AAPL Run
Hard to argue with the upside success of AAPL, shown here vs S&P500, despite a rally with the same bubble profile as past tech wonders. Data from Wolfram.com
Tuesday, October 19, 2010
No Note, No Mortgage
Banks looking to foreclose running up against case law which states , assignment of the note carries the mortgage with it, while an assignment of the latter alone is a nullity”); ... US Supreme Court 1872.
Article New York Times
Article New York Times
No Risk
(New York Times) Watch an animated explanation of how banks use securities lending to make a profit at no risk to themselves, while their customers cover the losses.
By LOUISE STORY
Published: October 17, 2010
Friday, October 15, 2010
Money Mechanics, Intervention, and the World of Up
Price discovery and resulting values are now made up of an ethereal composite designed to resist poor economic conditions while absorbing the benefits of an unprecedented top down liquidity drive whose success is ultimately measure by Dow Jones Industrial Average. Daily grinds of true economic darkness oddly help provide rapid turn around times for all things connected to the Fed/Treasury intervention.
After the October 2007 highs, the violent move down into the March 2009 lows consisted of liquidation, re balancing, and the unknown. Now however, price action reflects the market's readjustments to the Fed's constructive re-liquefying and the use of various financial supports as a part of this evolving organic intervention period. Part of it has to do with the very nature of stock market action. Some things are designed to trade, and others are designed to trade up. Stocks have always had an upside bias as a buy side vehicle without much hedge function, unlike commodities and fixed income markets. What else could account for the performances of such great money managers over the years. They are not traders, they are just longs and up works.
It is natural to have a downside ear to the ground given all the economic difficulties of the largest financial institutions. There is no end to scary in these economic times. But for investors, traders, no matter how bearish, if the Fed has its way, up is going through you.
After the October 2007 highs, the violent move down into the March 2009 lows consisted of liquidation, re balancing, and the unknown. Now however, price action reflects the market's readjustments to the Fed's constructive re-liquefying and the use of various financial supports as a part of this evolving organic intervention period. Part of it has to do with the very nature of stock market action. Some things are designed to trade, and others are designed to trade up. Stocks have always had an upside bias as a buy side vehicle without much hedge function, unlike commodities and fixed income markets. What else could account for the performances of such great money managers over the years. They are not traders, they are just longs and up works.
It is natural to have a downside ear to the ground given all the economic difficulties of the largest financial institutions. There is no end to scary in these economic times. But for investors, traders, no matter how bearish, if the Fed has its way, up is going through you.
Wednesday, October 13, 2010
The Over/Under Value In Stocks
| Daily | Bnch | Bch$Chg | Bnch YTD | O/U% |
| AAPL | 300.20 | 89.20 | 42% | 8.25% |
| BAC | 13.39 | -1.61 | -11% | -12.38% |
| GOOG | 545.01 | -74.99 | -12% | 0.13% |
| GS | 155.05 | -13.95 | -8% | 0.06% |
| IBM | 140.99 | 9.99 | 8% | -2.16% |
| MSFT | 25.37 | -4.63 | -15% | -6.79% |
As of this afternoon early trade, QRiskValue.com's Over/Under % value view of these six stocks.
I guess the trade is buy msft sell aapl, buy bac , sell gs.
Saturday, October 9, 2010
Friday, October 8, 2010
Wonder Why AAPL IS Over Valued?
Ten Biggest ETF Holders Of Apple Stock
According to ETFChannel.com’s Top ETF Components list, Apple (AAPL) is the single largest U.S. equity position of exchange-traded funds in the aggregate. ETFs hold approximately $9.7 billion of Apple stock, or about 3.7% of Apple’s market capitalization.
To put this in perspective, ETFs own about $4.5 billion of IBM (IBM), or only 2.6% of IBM’s market cap.
The PowerShares QQQ (QQQQ) is the largest ETF holder of Apple at about $4.3 billion, or nearly 20% of the total holdings of the ETF. The SPDR S&P 500 ETF (SPY) is next in line at about $2 billion of Apple.
Ten ETFs with the largest Apple holdings:
| ETF | Ticker | AAPL Weight | AAPL Amount |
| PowerShares QQQ | QQQQ | 19.86% | $4,434,713,483 |
| S&P 500 SPDR ETF | SPY | 2.51% | $2,035,363,452 |
| iShares S&P 500 Index | IVV | 2.51% | $579,985,161 |
| Technology Select Sector SPDR | XLK | 11.75% | $509,605,382 |
| iShares Russell 1000 Growth Index | IWF | 4.38% | $479,374,141 |
| Vanguard Total Stock Market ETF | VTI | 2.12% | $315,406,889 |
| iShares S&P 500 Growth Index | IVW | 5.01% | $257,232,748 |
| Vanguard Growth ETF | VUG | 4.58% | $200,791,091 |
| iShares D.J. U.S. Technology Sector | IYW | 13.09% | $161,920,325 |
| Vanguard Information Technology | VGT | 10.44% | $132,265,227 |
Sunday, October 3, 2010
Last Week This Week
S&P index futures made a new weekly high since putting in July lows. April highs over 1200 still casting a shadow on current trade however as quiet trade prevails.
Commodities have had all the happy money, which is not necessarily a sign of anything important other than the art of buying what is rising is still the fundamental proof of great money managers. Gold, oil, and grains are the next death dive, but timing is everything.
Chinese Premier Wen still prone to hyperbole with last week crying about the ills of protectionism and over the weekend acknowledging inflation is just possibly a problem. He and the guys down the hall from his office that type up the positive economic data are running out of China Engine stories.
Range bound markets will continue to frustrate the directional players even with jobs numbers.
Commodities have had all the happy money, which is not necessarily a sign of anything important other than the art of buying what is rising is still the fundamental proof of great money managers. Gold, oil, and grains are the next death dive, but timing is everything.
Chinese Premier Wen still prone to hyperbole with last week crying about the ills of protectionism and over the weekend acknowledging inflation is just possibly a problem. He and the guys down the hall from his office that type up the positive economic data are running out of China Engine stories.
Range bound markets will continue to frustrate the directional players even with jobs numbers.
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