Now if only they can cut down to the level of Hong Kong people, we wonâ€™t have such a big energy Crisis!
Now if only they can cut down to the level of Hong Kong people, we wonâ€™t have such a big energy Crisis!
I haven’t made much trades these weeks since i anticipate some tough waters so i would rather place some unique trades. China Fishery looks a good prospect as MACD is turning up and like my Ascendas REIT trade, there is a nice wavey trade.
I’m glad i caught a good wind, but by the day that i exit, i thought the market didn’t look too good on the whole. lots of negativity, i might as well took profit here. All in all 4.5% a good trade which i was anticipating alot more.
As a side note, I got out of my MacArthurCook Position as well not making anything. It looks like a good decision on a friday. Still left CapitalRetailChina in there.
Good Weekend to all
So i read that the wall street journal published an article here titled I Once was Chic, but Now I’m a Cheap detailing the author’s recent transition to using a Dell Windows computer after a realisation that owning a Mac costs more than your regular PC.
I can agree with that. I do have close friends who owned MAC and it does look cool. The reason why people use macs is most likely
Apple’s resurgence since they almost went dead was great for the consumers, now they are pushing competitors and incumbents like Microsoft to really think about what the consumer wants instead of being the arrogant farts that they always been.
But man, thats alot of higher price to pay for that Apple Branding and the same hardware. I did a brief lookup at Dell Singapore and Apple Singapore and for almost the same high end specs, a Dell gaming XPS will be around SGD 3200 while the same 17 inch Mac Book Pro goes around 4300.
My take for the average urban worker have always been that for word-processing, planning, web surfing and email checking, YOU DON’T NEED a DUO CORE based laptop! A UMPC such as MSI WIND, ASUS EEE or LENOVO S10 at 800 bucks and beow is good enough.
Productivity is important but it has to be balance with sensible spending. I will not get a laptop over 1.5k SGD for these kind of simple work. Laptops to me are an Asset and it is productive but it will depreciate much like the machines in the companies that you invests in.
In the end, evaluate if its worth that much to pay the premium for that Apple Brand.
A couple of years ago, fed up with Microsoft Windows, our whole family switched to Macs. Since then we’ve often giggled delightedly at the commercials portraying a PC as a hapless fat guy in a suit. A Mac, after all, is “the computer for the rest of us,” as Apple’s ads used to say.
We own five Macs, along with iPods and other Apple paraphernalia. But recently, when we needed a new computer, we ended up buying a PC running Microsoft Vista. The reason is simple: Macs nowadays are computers for the rich.Associated Press
What’s the price of looking this hip?
Like eating only locally grown food or majoring in gender studies at college, Macs have become luxuries that command a premium out of all proportion to their utility — unless their utility is simply to broadcast your own disposable income. For a long time the extra cost of a Mac wasn’t outlandish and seemed justified by its great design and ease of use. Our years of bitter experience with Windows systems involved far too much hair-tearing over random glitches and security problems. To us, going Mac was the price of computer sanity.
But the affordability gap has lately yawned into a gulf. Today, with money scarce, a Mac costs roughly twice as much as a comparably equipped PC — and in my recent experience, the PC performs impressively indeed.
The $646 Dell we recently bought — complete with 20-inch flat panel display and gigantic hard drive — runs superbly, thanks to ample RAM and a discrete video card. Surprisingly, we even like the much-maligned Vista operating system. Windows PCs are more prone to viruses and other malware than are Macs, but Norton Internet Security has proved to be a useful antidote. Once widely reviled as a system-strangling resource hog, this defensive package is now so light on its feet that it operates on our system invisibly.
Re-embracing Windows hasn’t been guilt-free. I’ve been an ardent Mac proselytizer ever since my own conversion experience two years ago. I even got a used Mac for my mother. So I felt bad at first about buying a PC. Yet when I thought about why, I had to admit that the reasons were Veblenseque. We like to think that we’re pretty cool at our house, so getting a machine running Windows seemed downright plebeian. But doing so helped me to realize, in turn, the extent to which “cool” is too often connected with “cash.”
It’s cool, for example, to spend a fortune on solar panels or hybrid SUVs that will never pay for themselves in saved energy, even though the money could do far more for the environment spent in some less ostentatious way. Shopping at Whole Foods is cool, as is obvious from the hipsters in the aisles — and the high price of the groceries. This kind of cool disdains luxury labels like Rolex and Coach yet works just as hard to impress.
Most of the cool people I know use a Mac. My sense is that they like to think of themselves as egalitarian sorts unencumbered by snobbery — rather than, say, brainwashed cultists obsessed with class-signaling. Yet at today’s absurd prices the Mac is even less than ever “the computer for the rest of us.” Instead it’s a well-designed status symbol for the elite — another way that people with money can distinguish themselves from hoi polloi.
The current financial crisis has many causes, but surely the death of thrift has been among them. If there is a silver lining to the grim economic news that besets us daily, it may be that cheap will once again become chic. The sudden popularity of netbooks — tiny, low-cost, portable computers that focus on the basics — is a case in point. People are discovering that they don’t need to spend $1,500 on a machine to send email when a $350 netbook will do the trick. If we keep this up, we may all soon find ourselves living within our means.
There’s no sign of such a cheap little device from Apple, and I’m not even sure the company wants customers like me and my family. Recently it announced a new 17-inch laptop that starts at $2,799, enhanced with a longer lasting battery and other neat features. But Apple left its cheapest computers — the Mac Mini line — unchanged despite puny hard drives and scant RAM compared with competing PCs.
Apple has put a lot of effort into getting customers to “switch” in recent years, and my entire family did so. But a couple of our Macs are going to need replacing in the next year or so, and much as I find Apple products to be well designed and fun to use, we’re going to switch back to PCs unless Mac prices come down. Cool just isn’t worth it anymore.
Mr. Akst is a writer in Tivoli, N.Y.
These aren’t happy times, but they’re historic ones. The Dow Jones industrial average suffered its worst June since the Great Depression. In July it crossed the threshold into a bear market, dropping 22% from its October 2007 high.
The liquidity crisis continues to unfold, proving far worse than even the most pessimistic Wall Streeters expected. Several months ago most market savants thought the biggest banks had worked through the worst of their hits from bad mortgages and collateralized debt obligations, raising enough capital to make up the losses they were taking. Now a second wave of big writeoffs is occurring, along with markdowns by midsize banks with large burdens of construction and real estate loans. Financial and real estate stocks have dropped to new lows. The KBW Bank exchange-traded fund is down 59% from its February 2007 high. Financial institutions have raised capital 42 times since June 2007, almost always at large discounts to already depressed market prices–and every one of those issues is now losing money for its investors.
The government is under intense pressure to avoid additional bailouts like the one of Bear Stearns , even if it has effectively guaranteed that it will keep Fannie Mae and Freddie Mac afloat. But benign neglect will not do. A run on an investment bank such as Lehman Brothers could lead to panic, as trillions of dollars in derivatives guaranteed by investment bankers, banks and hedge funds threatened to collapse. A single big investment bank’s default might make its competitors seize up too, since nobody can unravel who owes what to whom.
Analysts’ estimates aren’t helping. They tend to be well off the mark in the best of times, as I explained in my June 5, 2006 column, “Unpleasant Surprises.” Right now they’re too optimistic for both the second half of this year and the first half of next. They’re predicting year-over-year earnings gains in both periods for the S&P 500, when in all probability there will be drops. In other words, if there is no further fall in stock prices, the price/earnings ratio of the S&P is going to move higher. The index is currently trading at 14 times estimated earnings.
Finally, the Federal Reserve Board is in a bind. It can’t rescue an illiquid economy without boosting inflation, and inflation is already high. Prices for energy and industrial and agricultural commodities are rising faster than they have in a generation. The Fed can’t raise rates or it will risk making the liquidity crisis even worse, so it dares do nothing but jawbone, even though long-term Treasurys should be yielding at least one to two percentage points more than they are today.
Should you flee the market, given all this? It’s a tough call, but I wouldn’t. For one thing, the Administration and Congress can play a much larger role in alleviating the liquidity crisis than they have up to now. This being an election year, I have a strong feeling we’ll see considerably more help from them in the next few months. Most likely the Fed will eventually move to fight inflation. Raising rates usually hurts the markets at first, but over time stocks have been one of the best inflation hedges you can find.
In these circumstances, I wouldn’t try to be too clever. You don’t see market timers who own yachts. If you pack up now, chances are you’ll miss a good part of the next bull market. A large part of the gains are always made in the first few months of one, when market-timing investors are still on the sidelines.
If the market slide continues, you will get opportunities to buy first-rate companies when they dip on negative news, such as an earnings miss that analysts and investors overreact to. When that happens, you should sell less-promising stocks to raise cash to buy the companies the market has panicked on.
If you don’t already own any oil and gas explorers, buy some shares now. Some companies that have strong fossil fuel reserves are trading at multiples of their trailing earnings that are below the S&P’s multiple of 15. The oil producers are also down from their highs of late May. Despite oil’s price rise to $130, analysts are still basing their estimates on a price of $100 or so, which could cause some pleasant earnings surprises in the next quarter or two. Here are three oil stocks I’d look at: Apache Corp. (114, APA), which is at 12 times earnings, Devon Energy (102, DVN), at 14 times, and Tesoro Corp.(16, TSO), at 6 times.
Bear markets are the hardest kind to invest in. But they can also be the most rewarding.
David Dreman is chairman of Dreman Value Management of Jersey City, N.J. His latest book is Contrarian Investment Strategies: The Next Generation.