Laura Conigliaro the ANALyst just on CNBC hyping IBM since it may POTENTIALLY break out this time....now it all becomes clear why she downgraded SUNW and EMC, which compete with IBM for storage as well as on the server side business.....(I no longer own them myself)....how unfortunate that this "RATION"ale also unfairly affected the whole tech markets the other day, especially the other storage and other computer and chip makers....now it all appears clear, just another ANALyst who appeared without having to disclose how much IBM her clients own or are buying or how much emc and sunw they sold before her downgrades. Don't get me wrong, I see value in IBM too, but not as much as in SUNW or EMC or their compeititors. I wouldn't buy any of these now, at the cheaper prices she caused I'll just keep buying and holding NTAP and PALM and the like, the lean and mean HIGHEST tech of the techs.
On Greedspammer, I mean Greenspan, if he doen't drop interest rates to OPEN CARRY then even ZERO rate like Japan might not save our entire military industrial base from moving permanently to Communist China with the result of the re-emergence of Commnism and diets high in carbohydrate protein poor rice. I sometimes wonder why Greenspan hates the Saudiis so much, since they will feel the brunt of his outrageously still high FOMC and Federal Reserve banking system inflated interest rates on political pressures on oil and and world currency markets. another 124,000 layoffs and unemployed. Approaching well over 500,000 in the US this year alone. Globally a disaster. Don't forget the Russian Revolution and French Revolution were revolts for BREAD all basedon hunger and starvation and scarcity. I see the downturn, the 2nd Greenspan induce recession as causing cutbacks in not just spending, the so called earnings recession, but also supply, even when the economy recovers there will be shortages, since it takes time, a LAGGING indicator, to ramp up supplies o meet demand....Inflation. What he did was not to stop inflation but planted the seeds for future inflation....OIL being key.
Where will we ever find that missing $10 Trillion Dollars Greenspan wiped out of the equity markets worlwide?
Larry Kudlow could do Greenspan's job in his sleep better than ole Al, and with accountability and intellectual honesty and excellence, something the old horrse and buggy whipped Greedspammer and his blind followers do not understand, or may be incapable of such higher understanding, higher abstract calculus
Anyway, trading ranges, and eventually trade wars are firmly on the horizon and approaching faster than WTO status for China.
Until then I buy and hold.
I am,
Truly your$,
-Crystal Ball
NTAP at $152 within the EPS GROWTH time limits, imho. |
