The market has it all these days. Not much good except the hint of leadership in Biotech and the ability to finally rally. The other good news is internet growth. Fred Wilson has posted some of the global internet growth numbers in this post . Fred’s takeaway… When we went out to raise a second …
From: July 2008
Deep Market Thoughts…Everyone Please Punch a Banker
An open hand slap is just as good actually. It’s hard NOT to be pissed if you understand capital markets and root for CAPITALISM. But, if you follow price and price alone as I try and do, you can catch a shekel here and there as the ‘Bear’ market gets even more exciting. We are …
We Want THE EXACT Same TechMeme WITHOUT Mike Arrington – I Will Pay $200
I’m tired of waiting for his inevitable decline. I am truly tired of waking up to the whining of the nerds on a great community site. He wants his mommy to like him, his dog to come home and his power bills lower. He would like the courage to leave his home as well. I …
Apple (AAPL) – It's Just Overowned!
Apple is just over overowned. Nobody owned it until it hit $170 on the way to $200. By than it was a foregone conclusion to the media. Apple could do no wrong. Every mutual fund had to have it on their sheets. Same mechanisms at work on Wall Street all the time. Just change the …
Biotechs – Focus on Strength…I Told You So.
Last week I pointed out that the Biotechs looked like they would lead if we went higher, because they were holding up so well into the meltdown. QDEL, AUXL and BBH were my longs at the time. I mentioned BBH (an ETF) and Eric mentioned IBB (an ETF with wider representation) in the comments. I …
Some Rules of Web Video We Still Must Heed
1. First of all, I agree with Ashkan – it’s the content stupid . 2. Because of Rule 1, you can’t force advertisers. Google’s buy of YouTube created this panic and rush to monetize and put stupid buyout and valuation numbers in the heads of video start-ups. Eventually, whether YouTube clones or even earlier adopters …
Fannie Mae (FNM) and Freddie Mac (FRE) on Wallstrip – It's Backwards Day
You can’t teach the ‘yoots’ of America about the stock market going forward without an explanation of the Fannie Mae (FNM) and Freddie Mac (FRE) debacle. So Julie does : Julie should be running monetary policy.
REMINDER – IT's A Prefect Time to Do a Start-up
Since I started this blog I have had the mantra that it is ALWAYS a good time to start a business. Never more so than today. The start-up costs are cheaper and your markets are deeper and wider than ever. I was eating world class sushi in Bracebridge, Ontario last night. If you can’t get …
Strength Exists and My New 'TELL' – Wells Fargo (WFC)
If you read this blog regularly, you know I follow market ‘TELLS’. Before the recent meltdown, I was using Federal Express and Fannie Mae’s January lows. When both broke – eg. Fannie below $19, I had a good idea we were going much lower. We did. I don’t want to own banks (except mine), though …
Banks…Still the Best Business
I am not sure who will survive and what the landscape will look like, but banks are still the best business once the shit is cleared out of the system. Big bets are already being plunked down in the last few days on who will survive and thrive. That type of betting is not for …