Update on Apple Computer Inc.

A few weeks ago there were various concerns about Apple Computer (AAPL).  As has been the recent case, there is a lot of hot money reacting (and maybe over-reacting) to anything perceived as news.  Because of the concept of local market efficiency, the same news may be discounted on several occasions.  A series of analyst […]

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A Debate from TheStreet.com

Two of my favorite market pundits are Scott Rothbort and Doug Kass.  They both write for the professional (and more expensive section) of TheStreet.com, and get some air time on CNBC and mentions in other places as well. I like Rothbort’s analytic approach and maybe the fact that he still teaches a college class on […]

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Discounting and “Baking in”

This note is important to understand what is going on with the current earnings reports and the market reaction.  Read to the end for a nice illustration, even if the concept is one familiar to you. The market is, of course, forward looking.  Everyone with money at stake is attempting to make predictions about the […]

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