The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

the real deal: why Obama is no Roosevelt

July14

when Franklin D. Roosevelt became President in the middle of the Great Depression, he offered the discouraged American people a “New Deal”.

were he living today, I suspect Roosevelt would grimly advise Barack Obama to keep the “change”.

in the news…

the CEO of a big bank says a U.S. default could be catastrophic for the economy.

the head of the Federal Reserve warns of chaos.

and, a credit rating agency threatens to take away the country’s coveted triple-A status.

the response on Wall Street: ho-hum, so what? they have more control than to be overly worried about White House shenanigans.

I’m sitting here thinking that Roosevelt and Thomas Jefferson are spinning so hard and fast in their graves the world is threatening to spin of it’s axis.

there is an old saying, to the effect:

“when you owe the bank a little money, they own you. but, when you owe the bank a lot of money, you own them.”

I’ll submit that the banks own Obama. they are too big to fail, after all. and, Obama is going to need a job. someone is going to pay for his run for the head seat at the United Nations (Obama wants to be king of the world, I’ll wager, now).

in Roosevelt’s era, faced with desperation, our nation asked for and received a decisive leader. Roosevelt had the support of a Congress that quickly became known as the “brain trust”, noteworthy for decisive action around the directions of a stalwart President that listened to people, instead of telling them what he wants them to hear.

yesterday, it was reported that Obama, unconvincing in his conviction and arguments before Republicans, stepped away from the table in a huff and stormed out of the room. he essentially took his ball and refused to play because he does not like rules that make sense for everyone else interested in a free-market, and capitalism.

Mr. President, my open-letter is coming. and just like I advised your buddy Zuckerman, I’m going to call upon you to lead us – and, not by the nose. the “real deal” today is you need to read the history books, consider the rules book, and make decisions that follow the Constitution, not your tribal wish-list.

more later. everyone stand by. lets go Sean (Hannity). it’s time to saddle-up.

peace be to my Brothers and Sisters.

brian patrick cork

 

 

analysts and bloggers are such Rascals!

June27

so… personally, I just find this flat-out goofy. but, I acknowledge this is just how it all works.

Morgan Stanley Issues ‘Tactical Buy’ On Apple Valuation

today, Morgan Stanley analyst Katy Huberty issued a “tactical” buy recommendation on Apple (AAPL) shares.

“We believe the share price will rise in absolute terms over the next 60 days,” she writes in a research note. “This is because the stock has traded off recently, making short term valuation much more compelling.”

to be clear… Apple’s stock took a short-term hit recently because analysts like Huberty made a fuss over production issues coming out of Japan just after the earthquakes.

but, now, she notes that post-Japan production constraints have eased, and adds with improved component supply, “Apple is negotiating price cuts with some suppliers,” potentially boosting margins for the June and September quarters.” Huberty adds that “after meetings in Taiwan last week, we expect Apple order cuts to ease and iPhone/iPad production to begin ramping aggressively from August through year-end.”

Huberty adds that “Apple’s next iPhone will begin production in mid to late August and ramp aggressively” into calendar Q4.

isn’t this obvious?

as a direct result, AAPL this morning is up $2.34, or 0.7%, to $328.69.

why am I blogging about this?

…mostly because I do believe most people don’t understand how this is part of a game.

I called Huberty, but I know she won’t return the courtesy. but, she’ll read about it all, here.

consider prior posts of mine if only for perspective: brian cork on those Wallstreet Rascals!, Outside of the insiders, and After Hours Trading.

years ago, David Sugarman, himself, taught me that you should buy a stock never expecting to sell it. Apple has always fit that frame of reference for me. and, I always know that when analysts (and, more-and-more so today, bloggers) attack a stock, even indirectly, we know it’s an effort to create room and a buying opportunity for their “bank”. an example, here, is that we all knew the production issues in Japan would be short-term. they would impede retail initiatives. but, there was never any reason for someone with anyone “long” on Apple to be concerned. and, as many of you know, I’m convinced that Apple is a thousand dollar (or the equivalent after splits) stock inside the next five years.

what will always insult my sense of fairness and justice is that authorities understand this is part of the game and allow it by not enforcing “tactical” information designed to mislead citizens.

thank God, most of the day traders proved Darwin correct several years ago.

peace be to my Brothers and Sisters.

brian patrick cork

 

google Employees can thank brian cork

June16

Google GOOG has a recruiting challenge. although, in truth, they have many problems.

I may be one of them.

…but, only if helping people make informed decisions is deemed problematic.

earlier this month I posted: the Microsoft curse.

through that post I outlined three core issues Google is facing (you need to read it. do it!). one of them is most apropos to this current post:

“finally, but not really, there is so much more. but, neither employees or shareholders can build wealth owning Google stock. so, the company is easy to recruit from. the company built it’s collective employment foundation on greed and a sense of entitlement. if you understand my core business, you get how I know this. let’s be clear, I stand against such things. I fight them.”

I’ll remind you that last month I also posted: no more Apples.

“suddenly Apple isn’t as cool as it’s products. It’s much like Google. Working at either place won’t change your life financially unless you are a very senior executive. it took Google three years to drive itself into a share value rut. Apple’s story is awesome and sustained itself for almost thirty years. but, I think the joy ride is over (unless the stock splits).”

so…

with all of that there has been a great deal of fist shaking and the gnashing of teeth. there has also been reports of pushing and shoving. but, more of that was realized on the West coast, and less so, here.

but, the bottom-line is that, evidently in response to my blog post, Google recently gave its workers an across-the-board 10% pay raise.

but mega-employers like Google, Yahoo (YHOOFortune 500) and Facebook offer untraditional incentives like free lunch, laundry, massages, oil changes and dentistry to keep their employees. they, like Google, splash around cash.

and, this is going to create a bubble of sorts that makes for a much bigger problem over the next three years. efforts such as this inflates the value, or perceived value, of everything such as real estate, certain brands of automobiles, job titles, etc. but, what can you expect from a culture that does not really create anything but the illusion of something undefined, like Google (and wannabes)?

our country values and measures itself by the stock market. so, insiders, analysts and some other bloggers want Silicon valley to keep up the pressure that creates an image. but, most people don’t have access to the data, analysis and stock at the earliest stages to change their lives as I’ve discussed earlier.

I’ll discuss what to do about all of this this soon. so, hang in there and stick with me.

more later.

peace be to my Brothers and Sisters.

brian patrick cork

banks are the problem and the fed is their accomplice

February1

a benefit, I’ll submit, of coaching high-level decision-makers, is access to reliable information, offered or discerned.

I’ll define “reliable” for the purpose of this post as being relative to making informed decisions of my own, and helping you to pin-down a strategy.

a question being pondered by many, but with exposure all to rare in the media, is why banks aren’t being part of the solution and lending money. it’s fundamental economics. banks lend money to citizens and small businesses – and, the economy would kicks into a higher gear. I’ve touched on the matter before letting you know that banks count on Wall Street for direction. Wall Street want public companies to thrive so stocks can be touted (after Barons stake a claim, and before you do). so, Wall Street wants banks to drive cash towards larger companies. those companies don’t want competition from pesky (albeit inspired) startups.

so, banks are not lending money for three fundamental reasons:

1.  Wall street needs the cash directed towards public companies that don’t want competition so the stock can go up for insider benefit;

2.  banks are waiting for the Fed to raise interest rates; and,

3.  bankers and their regulators are watching the commercial real estate market waiting for the next (and it’s big) foot to drop.

NOTE: this information is corollary.

at some point I’ll delve into this with more details. but, although it would be great for citizens, at a cursory level, and the economy for the next seven years (why seven years?), it’s not to a banks advantage to offer a domestic loan at today’s current interest rates. for the moment, you need to make other arrangements. and, just so we are clear, Wall Street will send the signal when it wants interest rates to climb. it will be akin to a flare in the darkened sky lighting the path for their own insiders.

there yet remains great hope. follow the trends and look for convergence. for example, Apple is leading efforts to get “video any where and every where”. trust me on this. so, what industries and companies are needed to make that a reality?

think! do it!

hint… I’ve touched on that trend in prior posts. go look. do that as well!

this post is categorized under “good vs. evil”. my information is quite good, and I’m helping you against evil (rather like Green Lantern).

this is, in part, what Prudent and Optimistic Gentlemen do.

peace be to my Brothers and Sisters.

Brian Patrick Cork

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What’s All This About?

"What am I looking at?", you might wonder.

Lots of stuff.

Meanwhile, here, I discuss events, people and things in our world - and, my (hardly simplistic, albeit inarticulate) views around them.

You'll also learn things about, well, things, like people you need to know about, and information about companies you can't find anywhere else.

So, while I harangue the public in my not so gentle way, you will discover that I am fascinated by all things arcane, curious about those whom appear religious, love music, dabble in politics, loathe the media, value education, still think I am an athlete, and might offer a recipe.

All the while, striving mightily, and daily, to remain a prudent and optimistic gentleman - and, authentic.

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photos by John Campbell

 

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