In the you have got to be kidding me department, Ballmer admits that he screwed up Windows Mobile. Or how about I rephrase that he blasts the team.
Sorry, but Ballmer this is two, count them, two major f***k ups under your tenure. The first was Vista, and now it appears the second is Windows Mobile. One Microsoftie who will remain anonymous has said to me the solution to Microsoft is to retire everyone who has worked at Microsoft for more than 10 years.
I AGREE!

When you look at the Redhat balance sheet and its latest results you have to say, wow, this company seems to have their business under control. But I wonder, if not something bigger is happening.
With every recession and every bust things change. When times are good there usually is not that much change. Sure we try out new things, but the same-old, same-old carries on. In the years 1990 to 2000 the web started and people experimented, but it was not until the years 2000 to 2009 that the Web …

Well, now I do agree the market is getting frothy. When I hear the koolaid going around I naturally become sceptical. Of course I have been cashing out positions and banking my earned monies (Am up 28% from Jan 2008!!!) Essentially I outpaced the S&P, by not having lost any money in the 2008, 2009 pullback.

What am I pouring money into?
High Yield Bonds of varying qualities.
Small, mid and large cap with solid balance sheets. Any stock that is not completely solid is sold. That includes companies like FCX, …

Disclosure: Yesterday I unloaded all of my Apple shares
With my disclosure you can guess that I think Apple is a sell. While it is a sell for me, it might be neutral for you. Though you might wonder why I sold considering that I have previously said, “Apple, Apple, Apple”. As I have said in the past I will not play pump and dump thus am plyaing with open cards.
So why have I changed my opinion on Apple? For starters I actually still like Apple the company in general. Though …

I consider myself more of a Warren Buffett type investor. I don’t trade, even though I could, and prefer holding shares for the longer term. But Warren’s rant against short term traders just does not make sense.
The statement argues that a "healthy society requires healthy and responsible companies" working to achieve long-term goals.
Instead, "boards, managers, shareholders with varying agendas, and regulators … have allowed short-term considerations to overwhelm the desirable long-term growth and sustainable profit objectives of the corporation."
The Aspen statement calls for boards, managers, and "most particularly, shareholders" … …

Courtesy of High Probability trader I saw a really funny video video on the wassup guys. I especially loved the parts where the guy is looking at his portfolio, and the guy ringing the door bell in a hurricane.

Over at zero hedge there is a blog entry that talked about the pump and dump of the SPY. That pump and dump is not just on the SPY, but also on the QQQQ and a number of other stocks. I suggest you look at my image referenced by the link, which is a screen shot of my desktop.
What you should notice is that there are these huge honking bars at the end of the day. I noticed these bars and thought, “you know what I am want to take …