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Morning Market Briefing – Thursday- 09/12/2013

On the anniversary of 9/11, the US market had a day of modest gains. The DOW had its 7th day of gain, while the S&P was relatively flat.  The Nasdaq ended the day red thanks to a rotten apple.  The big news yesterday was Apples lack of innovation and Vladimir Putin’s Ronald Reagan like diplomatic charisma.

In recent weeks, many folks had asked us what we thought of Apple.  Is Apple a good long term investment or not?  The quick answer is NO! Apple’s ability to innovate and more importantly brand died when Steve Jobs died.  This was very apparent by Tim Cook’s first major decision, to cannibalize two Apple products with the launch of IPad Mini.  Now, when what Apple needs is a new innovative home-run product, he launches cheap IPhone’s.  In his short time as the CEO, he has managed to ruin both the profit margin and the brand.  Apple was a high end product for high end people.  If you wanted an Apple, you had to pay for an Apple.  Now, Apple offers a trendy phone that has less freedom than many of its competitors.  “Timme” is choosing to compete in a though low profit market.

On a more positive note, we are glad that at least the leader of one super power understands the importance of the Geneva Convention.  Putin once again educated Obama on leading the world.  The problem now has become crystal clear.  Obama cares more about what his out-of-touch short-bus riding criminal gangs in Washington think than what the people of the world want.

The great Putin post!

http://www.alphasedge.com/classic/vladimir-putin-the-new-ronald-reagan

Today, the market appears to be opening modestly higher.  Again, we are expecting today to be a day of profit taking (considering how many positive days we had in a row).  However, with Putin’s new found charisma to drive up the market or Obama’s stubbornly-defeated state of mind to drive down the market, anything can happen.

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