The only guest whose opinion I trust on CNBC is El Erian. He's very, very smart, and most of what he says is logical. Everyone else is strictly entertainment.
He told this to CNBC. I'll bet CNBC doesn't have him on as a guest anymore. Keep in mind, Cramer, Tom Lee, and Jeremy Siegel are still very bullish, so this adds fire to Paulsen's thesis.
If you think there's further downside, or that the company will go out of business, you don't buy. But if you think the company will hire a turnaround warrior as its CEO, and the company will recover and all the flooring issues fade away, you accumulate at these low levels.
This has been going on for the past 6 years, why should today be any different. The Fed is just another excuse to rally, another self-fulfilling prophecy.
Good find, but the Wall street lobbyists love the Fed, because it inflates stock prices and lines their pockets. So from their perspective, Feldstein's logic falls on deaf ears.
Oh, and then there's Sarepeta (SRPT), up 46% this morning, all because they're filing an FDA on a drug they're been kicking around talking about for the past 8 years....
You know, the ones that upgrade the stock after it makes a big run, or downgrades the stock after it's pummeled. So just because this guy think bulls "expected a $20 buyout", he downgrades the stock when it's trading under $10? Typical fair weather analyst......Well the Blair analyst sees this as a buying opportunity, as I do. And I would argue ACHN will be in the $14-$15 range in 3-5 weeks.....Let's see who's closer in July....
I've seen this movie before....the trapped shorts short more, and then start accumulating at the lower prices. Don't let anyone take your shares....
Your analysis looks correct, it was not a good report, and the analyst covering the stock agreed. So given that, I'm trying to figure out why the stock is up the past 3 days in a row.
Share buybacks are a company's way of supporting the stock prices...In fact, most of the macro market's advance over the past few years has come as a result of buybacks, therefore the quality of the advance is in doubt.....And don't get fooled into thinking an activist is an advocate for anyone else besides himself.
Has this buy ever said he expected a correction, or pullback? Has he ever said he was concerned, or short term bearish? I wish these same guests that appear every week would just #$%$.
"If you don't like the way we run our company, then sell your shares." "You're a menace, and frankly we're sick and tired of your rants." "If we want to do a buyback, we'll do it on our own terms." "Let me do my job, and stop bothering us in the media."
No, they save that BS excuse for another month. They won't tell you you're supposed to sell May-October, but they'll tell you you're supposed to buy November through April......More of the same from Wall st.
I'm not short Apple, nor would I ever consider going short AAPL....But it's people like Icahn, Buffett, Cramer, Tom Lee, and Jeremy Siegel, to name a few, who are out there making sure the markets continue to stay inefficient and overvalued. Since Apple's market cap is so high and directly influences all 3 indices, the market advance is skewed. There's a lot of underlying weakness in the markets, but you can't tell, because of selfish greedy egomaniacs like Icahn. He needs to shut up and let Cook do his job.....The only reason he gets on CNBC with outlandish price targets is because of his ego.
Anyone remember him? One would think Icahn's stupid, self-serving call would be a catalyst for the entire market to sell off, but no, the apathetic greedy pigs are at it again.....Sell in May and go away? Nah, just keep bidding stocks up so the crash will be that much more dramatic.....