News

Blain: “Apple Is The Only Thing That Matters Today”

“Every night we smash their Mercedes-Benz, first we run, then we laugh till we cry. We’re flat broke, but, hey, we do it in style..”

I am reliably informed Apple is the only thing that matters today. Matters today and will be forgotten next week. I am sure they will be fine cause I just bot a new Mac-Pro… “Sweet-spot pricing” (which seems to mean about 50% more expensive than the same thing made by another tech company) means they are on course for killer numbers. With PE at 20x I can’t help the world’s most profitable company that actually makes stuff we want to buy looks value (compared to much of the questionable stuff at crazy valuations out there..) But…

I also need to catch up on the new ECB stress tests – no surprise to read on BBerg that Deutsche Bank is likely to struggle in terms of potential losses from complex assets. As for the resilience of Italian banks to a severe downturn and a widening of Italian govt spreads… No S*it Sherlock award on its way to the ECB HQ.

I’ve been focused on non-market stuff the last few days – which gave me a change to step back and think. I get a sense and feel there is change in the air.

More

Advertisements

Categories: News

Tagged as: , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s