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Apple and the Fed: Back to ‘Waiting for Godot’ on Wall Street

WASHINGTON, October 27, 2015 – Tuesday morning’s futures indicated we’d have a lower opening trade, and at the bell, the markets quickly obliged. Trading has been dull to limp and the averages have slowly but inexorably sunk deeper and deeper into the Slough of Despond. It’s been like our favorite theatrical metaphor, “Waiting for Godot, ...

The dust settles on Wall Street’s latest Black Monday

WASHINGTON, Aug. 24, 2015 – At this morning’s opening bell, Wall Street went into instant crash mode, as the Dow Jones Industrials quickly shredded the record books by dropping over 1000 points in a New York second. In the back of your mind, you could just hear one of those old-time carney barkers spinning his ...

Obama, oil, Apple [AAPL], China hammer Monday markets

SANTA FE, New Mexico, August 3, 2015 — Boy, did we pick a heck of a week to visit the Santa Fe Opera out here in America’s sunny but occasionally monsoony West. Just as markets were struggling to find their footing, President Obama – America’s one-man economic wrecking crew – went after America’s energy boom ...

WWDC: Apple announces rival service to Spotify, Pandora

SAN FRANCISCO, June 9, 2015 – At the opening of Apple’s annual World Wide Developers Conference here Monday, Apple dropped a long-expected product bomb on streaming music services like Spotify and Pandora, announcing the rollout of its “Apple Music” offering. Apple’s new streaming subscription product, which launches officially on June 30, will cost individual users ...

FOMC report hits with a thud, and so do Wednesday markets

WASHINGTON, April 29, 2015 – As we predicted yesterday, Wednesday’s trading was unpredictable and weird leading up to the Federal Reserve Open Market Committee’s (FOMC’s) 2 p.m. meeting transcript release. The problem is, trading remained weird even after the report was made public, likely due to the fact that all the insiders who got the ...

Tuesday’s markets: Apple vs. Iran vs. the Fed

WASHINGTON, April 28, 2015 – Trading on Wall Street was down, sideways and up Tuesday morning as averages tried to parse news reports flying fast and thick across the political and investing landscape. Apple posted blowout earnings last night with the iPhone 6 the star of the day in terms of sales and profitability. Also ...

Apple Watch available for ogling, ordering today, April 10

WASHINGTON, April 10, 2015 – The Apple Watch has arrived! No, really. It’s here and it’s available today, April 10. Well, sort of. Before you head on down to your favorite local Apple Store, you might want to take a minute to read this article first. It will save you an unnecessary trip and give ...

Monday afternoon trading tips for a very toppy stock market

WASHINGTON, March 9, 2015 – Since we devoted our other column to commentary on the pluses and minuses of Monday’s iWatch Apple Watch announcement by Apple (AAPL), we figured we’d move our Monday trading tips info over to this, our regular column, given that Internet readers hate long pages. We were indeed busy today and ...

Forget Apple [AAPL]. Stocks back in ‘Waiting for Godot’ mode

WASHINGTON, February 26, 2015 – As it did most of Wednesday, the stock market is thrashing about with no particular direction except moderately down Thursday. From Apple to Greece and beyond, there’s the usual mix of good and bad news that has markets totally confused and confusing. Volume remains low. Once again, trading action has ...

Hit by Smartflash, Apple [AAPL] tanks, stock market meanders

WASHINGTON, February 25, 2015 – Bulls hoped for another winning day on Wall Street Wednesday, hoping to build on the surprising intensity of Tuesday’s mostly late-day rally in the averages. But a lack of much news made for mostly slow trading instead, with a nasty surprise tucked in not long after the stock market opened, ...

Color of Money: Apple to build $2B command center in Mesa

WASHINGTON, February 2, 2015 – People may think the color of money is green. But in reality, the color of money is whatever shade Apple decides to paint on its famous logo. Apple (AAPL) announced Monday that it will build out a $2 billion global command center in Mesa, Arizona. Why Mesa? Simple. Apple intends ...

Apple (AAPL) reports largest net income in history of the universe

WASHINGTON, January 28, 2015 – Those who tuned into Apple’s conference call after Tuesday’s market close were flabbergasted by the company’s profit and sales figures for the December quarter. Even the relatively staid Financial Times of London (FT) couldn’t restrain itself from describing the numbers, which it characterized as “the largest net income of any ...

NYC Blizzard 2015 a dog – but so is Tuesday’s stock market

WASHINGTON, January 27, 2015 – To be perfectly honest, Wall Street’s January 2015 trading action has been stuck mostly in “suck” mode, careening down, then up, then down again but always with a lurking negative bias. And so it is this Tuesday morning. The negative drift of this morning’s trading, if you’ll excuse the indirect ...

Apple, IBM, Yahoo! results: The Good, the Bad, and the Ugly

WASHINGTON, October 22, 2014 – It’s been a weird Wednesday on Wall Street. While Apple’s (AAPL’s) blowout fiscal 4th quarter results were good enough to blast the onetime tech darling out of its longtime trading range, one-time tech and computer king IBM (IBM) shattered the Dow Jones Industrial Average with poor quarterly earnings and a startling lack ...

‘Crapitalism’: Does new book tell the truth about today’s economy?

WASHINGTON, October 7, 2014 – Wall Street is busy climbing that proverbial Wall of Worry again today. Wise investors tell us that the Wall of Worry obsession provides investors with the best opportunity to get into stocks, as when worry is at its most intense, that’s when stocks are cheapest. But this fall’s version of ...

Apple sapphire source GTAT bankrupt; Hewlett-Packard to split

WASHINGTON, October 6, 2014 – Markets opened up Monday morning, something that’s become quite unusual these days. Perhaps investors were simply relieved that the world didn’t end this past weekend. After all, Hong Kong demonstrators have not been cannonaded. Yet. Aside from porous borders that allow anyone from Ebola plague victims to Mexican drug gangs ...

eBay [EBAY] and PayPal to split. First casualty of Apple Pay?

WASHINGTON, September 30, 2014 – Lately it seems as if every trading day contains at least one major news item, sometimes shocking, sometimes astounding, occasionally expected. So it is with Tuesday’s market. The last day of September brings news that online retailer/auctioneer eBay (EBAY) intends to split the ubiquitous PayPal service off from the mothership, ...

Apple [AAPL] products, Alibaba [BABA] IPO loom

WASHINGTON, September 8, 2014 – We begin another uncertain week on Wall Street today. Numbers are and aren’t what they appear to be and the international forces of violence are having a field day since the good guys’ once reliable general, the United States, has gone on a perpetual golf holiday under figurehead President Duffer ...