It's hard to believe, but today Apple's market cap of $222B is larger than that of Microsoft which finished at $219B. That makes Apple the biggest Tech company on the block today. Microsoft will probably reclaim the top spot tomorrow, but Steve Jobs must be happy to have surpassed its old nemesis. And Google? Today — Continue reading »
Gold to $800/oz
📆 May 19, 2010
Just read this article on Fortune about predictions of gold prices falling to $800-$900/oz in the next 1-2 years. The justification being that with the world markets stabilizing, investment in gold will no longer be viewed as a prudent choice and investors will abandon the metal for more rewarding bets. I don't see these predictions — Continue reading »
Stock Market Rally, Euro
📆 May 10, 2010
We knew it was coming, but I didn't expect the Europeans to pull off a rescue plan as early and as boldly as they did. Good for them and good for the markets which responded in kind by rocketing up today around the globe. Banking shares, specially the battered European ones, like ING, were on — Continue reading »
Stock Market Drop
📆 May 6, 2010
As I saw the market take a deep dive around 2:30 today my reaction was a mixture of fear and excitement. I'd never seen anything like this before. I saw Apple's stock take a nosedive to under $200 in a matter of minutes. There were red figures everywhere, almost as if a child was commandeering — Continue reading »
Dollar Rally
📆 May 4, 2010
The last time the euro was below $1.30 USD was over a year ago. It's below $1.30 once again. This despite the fact that the consensus had been for the US dollar to continue to be under pressure and see further declines. The fundamentals in the US haven't really changed much. There's still a monster-sized — Continue reading »
Google Stock Drop
📆 April 18, 2010
Google earns $2 billion in its last quarter and investors reward it with a 7.5% drop in share? Here's my list of why it dropped: People like to sell into the earnings news. With not much more to expect until the next earnings report, the money is best invested elsewhere. Some companies just can't get — Continue reading »
Apple Stock Run-up
📆 April 13, 2010
Which tech company currently holds the highest market capitalization amongst its peers? That would be Microsoft of course, but Apple is second behind by a mere $50 billion. With a market cap of $220 billion, Apple is worth more than just about any other venerable tech company name you can think of. It's worth more — Continue reading »
Give a few Sats