Drinking The Kool Aid
With Ex-Lax Added
Watching the reduced earnings reports being summarily beaten then exalted by the “street”, the real “fake news” powers of the investment world, reminds me of one of my favorite Family Guy episodes, “Grinds My Gears”. As we were victims of perhaps the greatest “disguise” of information in the last presidential election, we are subject to the same style of reporting investment wise today. As Peter would say, “this really grinds my gears” and given most of today’s traders have not been regularly exposed to this in the past they’re subject to being “sucked in” before the dam of reality breaks.
With Republicans now in control of the House of Representatives, investigations have begun around not only the current administration but events surrounding events from when Biden was just an ineffectual Vice President. From the now current Secretary of State Antony J. Blinken to Merrick Garland, the current “Protector General” together with their under thumb FBI and CIA agencies, the information we’re given is as fake, or hidden as much as it was during recent elections. It’s alleged that Blinken arranged for a letter, signed by more than 50+ “intelligence” officials to provide Biden with the ammunition necessary to defeat Trump. It was all “fake” but it’s questionable whether the full truth of what transpired will ever be fully released. That same scenario reflects how analysts on “the street” work with listed corporate entities as they formulate their estimates.
Apple just reported and beat estimates that had been reduced almost 30 times over the past couple months. Again, to protect itself from being able to construct it’s future reports, Apple provided no guidance. Smart move from where I sit; why should they? Apple has its tentacles around the necks of analysts; they’ll start spoon feeding them the information necessary to continue their charade. If there is one data point I’d like to analyze it’s the percentage of iPhone sales that were transacted using the “buy now and pay later” tools that perpetuate increased revenues and disguise potential future problems when people can’t pay off their bills. When you take into consideration that Apple, now an entrenched Goldman Sachs affiliate, is essentially becoming a money market, credit card oriented bank, there’s reason to suspect more and more iPhones are being sold with payment plans. Hopefully this information will be available when Apple publishes its upcoming 10-Q. It should have been spoken about during the call after earnings were reported but we all know that questions permitted to be asked on the call are screened; just like Biden does at his alleged press conferences. I wonder if Cook had “crib” notes.
More for you rookies than those with years of hands-on experience; “it’s not what they say, it’s more what they don’t say”. There’s much more to come from The Ticker EDU. Stay tuned and always, let me know what you want to learn.
Hope you enjoyed this post. I’m just a young 68 years old; my Dad became a broker when I was 13. It’s time for me to ‘give back’ to all of you what’s in my head. It’s not always pretty but it’s based on history . . . and history, unchecked, repeats itself.
Everyone learns at their own pace. If you pick everything up the first time through, great but if not email me at dzimmer@substack.com so we can further help. Thanks again Danny www.mrtopstep.com . . . check him out; he’s worth your “click”.
See you all Sunday night when I look at “The Week That Was & What’s Next”. I’ll be introducing “The Ticker EDU”, a new venture I’ve put together to give back years of experience to those interested in learning. Again, let me know what you want to learn, I’m all ears.
As promised, here’s Peter from Family Guy . . . imagine more than 20+ years of Family Guy . . . and no one has aged . . . wish I could pull that off.