Goldman Sachs’ Timely Downgrade of Michael Kors

May 28, 2015
J. Webster
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So about a year ago Michael Kors stock was trading near $100 a share, now it's down to less than $50. Today, Goldman Sachs has decided to downgrade Michael Kors stock to neutral....let's just embed this tweet here from Josh Brown so we can look back on this a year or so from now and see if this was the time to buy the stock, not sell it...Come on Goldman, where were you when the stock was screaming higher, wasn't that when you should have made the call to sell or go "neutral" on the stock?

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Snapchat Ghost on Bloomberg Mag Licks Evan Spiegel…

May 28, 2015
J. Webster
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Pretty funny. Looks like the Snapchat ghost logo is licking Evan Spiegel, the co-founder of Snahpchat, on the cover of the new Bloomberg magazine issue....in the Bloomberg story about Spiegel it looks like Snapchat his headed to an IPO soon...

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Sam Altman’s $100K Bubble Bet

May 23, 2015
J. Webster
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Is there a bubble in Silicon Valley...? We're starting to hear that more and more. Sam Altman doesn't think there's a bubble, at least in the big tech unicorns, and he's put some money on the line to prove it:
Sam Altman, president of Y Combinator, an incubator that invests in very young companies, has grown so tired of bubble talk that this month he countered it with a $100,000 “no bubble” bet. The bet, which will be donated to charity, is based on several variables, including his prediction that the five most valuable unicorns, a list that includes Uber and Airbnb,

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Marc Andreessen’s Not Wearing an Apple Watch….

May 15, 2015
J. Webster
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In the great Tad Friend piece in the New Yorker on Marc Andreessen, the accompanying photo of Andreessen shows him wearing a watch, which turns out, surprisingly, NOT to be an Apple Watch but a Resco! Andreesen, perhaps the most famous venture capitalist in Silicon Valley, the man who is said to predict the future in technology, is not wearing an Apple Watch? The article is titled, "Tomorrow’s Advance Man": Marc Andreessen’s plan to win the future"; I guess the future isn't here just yet for the Apple Watch...

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Kendall Jenner Photobombs Steve Schwarzman

May 10, 2015
J. Webster
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Steven Schwarzman, chairman of the Blackstone Group, gets photobombed by Kendall Jenner at the Met Gala. Come on Kendall, don't you get enough attention on Keeping Up with The Kardashians, let Steve share in the limelight a little bit. I mean Steve is only said to be worth $10.8 billion, according to Forbes. And he's way down on the World's Billionaires List, coming in at only 122nd place. The Most Breathtaking Outfits From the Met Costume Institute Gala Kendall Jenner in Calvin Klein Collection. Photographers: Kevin Mazur/Getty Images, Larry Busacca/Getty

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Warren Buffett Goes After Citadel’s New Hire

May 3, 2015
J. Webster
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I guess Warren Buffett doesn't think Citadel made a good decision in hiring Ben Bernanke. But Bernanke is more than just any old economist, right. He was chairman of the federal reserve....but maybe that's not even good enough for Buffett, who says there's no need for an economist on a company's payroll...a lizard, yes, but no economists....Buffett is an anti-economist, as they might say on a Seinfeld episode.

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Chris Sacca Is Buying More Twitter Shares

Apr 30, 2015
J. Webster
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Just how many shares of Twitter will Chris Sacca own? Has he sold any since the IPO...? He's adding more today as he says in this Tweet below: Sacca has been a big and early investor in Twitter which this Forbes piece discusses:
"His bet on Instagram, started by another ex-Googler, Kevin Systrom, would follow, but in

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Jim Cramer Likes Under Armour: Buy It Under $80

Apr 28, 2015
J. Webster
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After studying their must recent quarter, Jim Cramer likes Under Armour. Cramer says you might get a chance to buy it under $80 a share. It's been moving lower since it reported but hasn't yet breached the $80 market. Today it sits at $80.55 a share....if you believe Under Armour is going to compete with Nike and Adidas for the long term, then this might be a good time to get in. Under Armour is still a young company, going public, I believe, about ten years ago. There's no dividend yet and they only have 177.30M shares outstanding. You'd have

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Goldman Sachs Traders Gets a Twinge

Apr 21, 2015
J. Webster
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So who is this trader at Goldman Sachs who can feel when the stock market is going to move? I'm guessing a lot of other hedge funds and financial firms would want to hire him and his twinge. In fact, I'm sure they'd pay him a lot of money. I picture investment firms hiring him and keeping him cozy and comfortable, feeding him grapes or whatever he desires and just waiting for that feeling or sensation to come that tells him which was the stock market is going to move:
Workers at Goldman Sachs Group Inc. are folding into the lotus

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Cha-Ching! Ben Bernanke Joins Hedge Fund Citadel

Apr 16, 2015
J. Webster
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So the former chairman of the Federal Reserve has found a job at Chicago based hedge fund Citadel. Thanks to the help of darth, the Twitter based Photoshop guru, Bernanke has been added to the homepage of Citadel's website. Looking good Mr. Bernanke. I still say Bernanke's bearded face should be on a coin, but that might not happen.

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