Category Archives: Snark

Break On Through to the Other Side

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Of all the ridiculous reasons I’ve heard for pushing this astonishly overpriced market into higher highs is the “Santa Claus Rally”. What’s wrong with you people? I even checked in with some of the Barron’s luminaries; here’s their take on the notion of a Santa Claus Rally:

Mario Gabelli: “Ghey.”

Marc Faber: “Totally ghey.”

Abby Joseph Cohen: “Gheyer than even me.”

So there you have it. I’m inclined to agree with my esteemed colleagues, and now that we’re actually in December, the month possessed by St. Nick himself, I’d like to point out the breakout of the MidCaps has failed spectacularly: (more…)

Glass Passe

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A little more than a year ago, I did a post with a typically subtle headline: “Why Google Glass Will Fail Miserably“. Well, this just appeared in Reuters, and although its headline isn’t as blunt as mine, the article pretty much states that Glass is every bit the flop I predicted it would be.

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Some highlights from the article……

+ “Of 16 Glass app makers contacted by Reuters, nine said that they had stopped work on their projects or abandoned them, mostly because of the lack of customers or limitations of the device.

+ Among the developers, one small, unimportant outfit that’s ditched Glass is a firm named Twitter

+ Glass now sells on eBay for as little as half list price.

+ “Alex Foster began See Through, a Glass advertising analytics firm for business, after a venture firm earlier this year withdrew its offer to back his consumer-oriented Glass fitness company when it became clear no big consumer Glass release was imminent.”

+ And the corker: “It looks super nerdy,” said Shvetank Shah, a Washington, DC-based consultant, whose Google Glass now gathers dust in a drawer. “I’m a card carrying nerd, but this was one card too many.

So there.

Mystery Solved

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I first laid hands on a personal computer in 1979, and I’ve been online since 1981. Technology has saturated my life long before most people had even considered it. I bought my first Macintosh in early 1984, the iPhone on the day it came out, the iPad on the day it came out. I live in the Silicon Valley, and they’ll probably bury me here.

Having said all that, I have poo-poo’d Yahoo right from the get-go. I’ve always thought it was a junk site, and I’ve been utterly bewildered by its skyrocketing stock price. I had some vague knowledge that they had a portion of Alibaba, and because of that, it was goosing its stock price – – but if you had asked me, I’d have guessed that it wasn’t that big a portion of Yahoo’s value. Ummm……..wrong. (more…)