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Stocks are at all-time highs and so are bonds…yields on Treasuries went negative yday, meaning people would pay the US government to borrow their money from them and give them back 99 cents when they borrow a dollar. Incredible that this would happen in a “benign” and bubble-blowing bull market, really. Negative interest rates in the Treasuries is something that should be a red flag for the bulls, really. The path of least resistance for the broader stock markets remains sideways with a slight upward bias.
Also of note, HiMax is on the move again today, hitting new highs since we bought it a few months ago. I’ve been saying for a few weeks that I think it can get to $10 by the end of the year and it now just needs one more day like today to get there. I own Himax mostly for the Google Glass upside that it has but that’s a longer-term catalyst. I might have to trim some when it gets to $10 just to be disciplined.
AAPL iPHONE BENDGATE
#Bendgate is starting to be reported places other than just social media like Scutify, but to be ahead of the curve on implications for$AAPL, you needed to be on Scutify. Bob Lefsetz writes: “I don’t want to hear no namby-pamby admonishments to be careful with my device. Why don’t we just keep our cars in garages so they don’t get damaged.” http://lefsetz.com/wordpress/i…
Watch the video below. Regardless of whether people’s expectations about the iPhone 6 Plus bend-ability inside their front pocket, the mainstream media is about to have a field-day with this one. The MSM got a lot of traction back with iPhone AntennaGate a few years ago.
Here’s the video of the #Bendtest for a Samsung Galaxy Note 3 phablet for comparison to the iPhone 6 Plus #Bendgate video I posted below. Dun dun dun. I agree with @fred_elkins that if $AAPL the stock pulls back because of #Bendgate as @jayzalowitz expects, that it’d be a buying opportunity.