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    • Wed Aug 20th 12:46 PM | Rating: 0 0
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      Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom
      Jim Rogers is a perpetual bear and pessimist. He knows how to make money, of course, and is sometimes right. I wish I followed his advice and purchased commodity futures. But he knows little about history and says stupid and uninformed things. For example, before the Federal Reserve was established in 1914, there was only one other central bank in American history, the Bank of the United States, that was abolished when Andrew Jackson vetoed its extension in the 1830s. Rogers says there were three. Also, Bernanke has as much authority of abolish the Fed as I do. It was established by Congress in 1914, after a long period without any central bank. Rogers also says that Great Britain had the dominant economy in 1914. Again, he is wrong. The United States outproduced England at the time, and the British economies long-term slide accelerated as a result of World War I, well before the 1930s, contrary to what Rogers says. Moreover, he makes the ludicrous claim that British banks in the 1930s issued their own currency. Total and complete nonsense. I could go on and on dissecting Rogers' absurdities but will desist. In short he knows how to make money but take whatever else he says with a grain of salt. And as for letting everything fail instead of trying prop up the system, that's precisely the advice Sec. of the Treasury Andrew Mellon offered Hoover in 1930. "Liquidate, liquidate, liquidate," he said, meaning do nothing and let bankruptcies cleanse the system. Well, we all know where that led: 25 percent unemployment and the worst depression in American history, a depression that almost destroyed the capitalist system. Rogers is Mellon redux. Any politician or reader accepting his advice would be accepting the advice of a fool.
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    • Fri Jul 18th 13:30 PM | Rating: 0 0
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      Apple Feels 'Max Pain'
      Robcal1 personifies ignorance incarnate in his assertion that Jobs should be removed as CEO because "RIGHT NOW" Apple's stock is going down a few points. Never mind that if his recommendation was heeded the stock would probably plummet at least 50 percent or more. So if Mutual Funds, Hedge Funds, brokerage houses and other major players in the market don't want to gobble up Apple today in order to drive the stock to his imagined level of what it deserves to be "right now," 250 a share, the best and most far-sighted CEO in the technology sector should be removed to satisfy Robcal1's delusions. Why it's "unfair" that many money managers are being conservative by holding increasing amounts of cash and are not following his advise and purchasing Apple stock at the "minimum" value he ascribes to it. How can they be so cruel to him and other short-term traders and those buying on margin? They want their 250 "right now", and if it doesn't happen "right now," then Steve Jobs should get the ax. Let's all be thankful that childish, impatient, grossly illogical people like Robcal1 are only in charge of their own investments, and are not asked to do anything to impact others. At least one can hope and pray that is the case.
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    • Fri Jul 18th 11:43 AM | Rating: 0 0
      Commented on:
      Apple Feels 'Max Pain'
      How brainless can people be? And that means "Will," "Jerr2231", and especially "User42885," for his dumb comment that because Apple isn't today selling for $210-220 a share Jobs is not a "real businessman." Apple, led by Jobs, has merely introduced a device, the iphone, that has changed the nature of mobile communication for today and decades to come, and iMacs are selling like hotcakes. And let's not even consider that Apple has transformed the music industry with ipods and itunes, and dominates it today. But, according to the above named whiners, because the "market" hasn't driven Apple's stock price to the level that would satisfy their immediate, insatiable greed, no doubt fueled by buying on margin, the management team is "clueless." The level of ignorance about how markets work -- and sometimes don't work -- displayed by these remarks is breathtaking. Apple's share price has only gone up several thousands percent in value in the last seven years, but since it has fallen 18 percent in the last six months in a bear market -- much less than comparable companies -- the management should be taken out and shot. Please, "Will," etc., do everybody a favor and put your money in a mattress. Otherwise your significant others might have to institutionalize all of you and cost taxpayers a bundle. Be good citizens and get out of the market. You have no more business investing than a blind person has driving.
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    • Fri Jul 18th 10:35 AM | Rating: 0 0
      Commented on:
      Apple Feels 'Max Pain'
      Yes, "Will" probably didn't get out of kindergarten. Stocks fluctuate, as they've always done, and stock prices increase and decline in price, both long and short term, in response to earnings. There are millions, indeed billions, of transactions every day. Sometimes investors buy and sell on the same news, whether good of bad, but in the long run it is only earnings, and growing earnings, that count when stocks rise in price. "Will" is a fool -- and "Jerr2231 -- is close behind and both should put their money in a mattress rather than display their ignorance in print.
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    • Thu Jul 10th 10:28 AM | Rating: 0 0
      Commented on:
      Apple's iPhone to Capture Chinese Internet Market
      Wifiguy, you're mistaken. The IPhone updates and applications will be fed through the Apple Ap Store wirelessly once it gets up. You won't need a computer to download, hence the IPhone should be even more valuable to those who don't own one and want to surf seamlessly -- and play games, use multiple applications, etc. China should be an extraordinary market for what is the best and most advanced mobile platform yet conceived and bound to get better and better over time.
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