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All right well investors not getting home sick teens getting sick of FaceBook did shares of -- well there on.
-- -- street go our wicked streak let's get what's it would say it has -- -- leave it.
First sub settlement issue one we got -- -- -- -- the Dow's biggest Gainer this year now HP is optimism about the rest of the year.
Boosting its outlook -- numbers after the bells during -- he is on a on a big role do about it.
Well a big role on the earnings side maybe 87 -- 81 cents a share I think the bigger story Neil.
-- -- -- herself I think Meg Whitman is bringing with her you know her.
Our Huntsman a few well -- you know that word.
But you know they're looking at what she's done and -- what she's done back it.
At you know her past corporations including Disney you're saying you know what she's gonna -- -- purity -- and like -- everybody -- a comeback -- In my opinion you look at -- sales down 20% it's a revenue down 29%.
Start just about 5%.
I just don't see the logic there but again it's not about what I think it's about the market is believing in right now the market is looking at -- -- turn -- company it does have led by the careful but -- I don't fire in my -- question -- turnaround to what I add its focus it is the largest PC company in the world okay PCs.
Are going -- it does a straight line down for what PCs but don't because their bodies using.
They're mobile device stuff that there 20% -- revenue does come from burning.
-- did a little better but this is an interesting point that came out today HP cut its total costs and expenses by the quarter.
By 9% that's one of the reasons -- bottom line looks good because they're cutting thing since you're not bring you're not a predator you're not a believer I I'm a believer -- -- particularly because they've had one disaster after another and that's CEO role over the past four years have had about four different people.
All of whom have failed miserably she's a good business woman she knows what she's doing what he has cuts for the -- has what's right for this question but -- I don't know I don't know I don't know what the latest instance of time.
-- issued to FaceBook losing its cool scenes just exist -- Twitter lately.
This is FaceBook ready to fall on the -- One thing about FaceBook that is clear is that is that it has a guy running at that knows what he's doing he people are still using I know there's lot of talk about teens.
Going away trying to look for somebody else but there really hasn't been anything to replace -- there have been some tries Yahoo!'s.
But this company called Tumblr they're hoping to get -- -- social space with that but really there hasn't been anything to replace -- the problem with FaceBook.
Is that it is not making money it is one of the most overvalued even though it's come down from its -- priced is trading about 24 dollars a share.
It's so overvalued -- -- that price so even now -- that he loves 2001.
Is is that is the the price equity ratio is ridiculous 2001.
I did as a -- averages sixteen -- -- -- the stock I was overrides a good company it's going to last gonna be here for awhile.
Zuckerberg is a genius but the stock is still overvalued -- -- and a.
You know I agree with David -- -- -- thing you got to remember about FaceBook yet Zuckerberg still in charge but as a company becomes a corporate juggernaut.
He's got to have -- -- -- hats you know as we get bigger as more more ideas fly around you could see it there interface it's getting clunky it's getting over cluttered.
The cool kids are not using FaceBook and personally and -- your feet away from it causing more distressing than you think.
I have a Larry earlier in the united here it's annoying because he's a drifter and got visitors from -- -- -- but there's a lot of alternatives there that aren't as prime you -- shut the ads in your face like FaceBook strategy to earn revenue I gave it -- around for a while.
But the valuation scare me but -- -- Intel is still high you were still buying when you're young and optical that it would be seen to date IC a three sales of existing hubs yeah.
-- and -- your iPod and comes on -- wells told brother reports boffo earnings data.
I well housing is certainly back in stock if if you were lucky enough to be holding the stock it's that it's at its top now told Brothers.
At one point today was up 8% and it ended the day up I think -- only -- you buy this nice and it's I don't first of all you don't buy in at the top of the market on anything now if we keep saying that every day the market goes to a new -- so that you know I've been wrong over the past two weeks.
But eventually this market has got to fall back a little bit and they're two things about the house of murder one the net income of Americans has not increased so they don't have more money in her -- -- -- buy things that eventually.
Comes back in terms of what they -- able to buy and to Ben Bernanke just announced today that the Fed is getting ready.
To stop buying those mortgage bonds -- if they stop buying a mortgage bonds interest rates are gonna go up and that hurts the housing market.
On the money only to quibble with that -- is that even allowing for the fact that Americans don't remember much more of their income -- -- -- brag about -- The value of the homes -- such that it's well it's circulated a blade it is a far cry from what it was 20062007.
So are there might be some great opportunities here even allowing for all of the stuff that David mentioned -- -- -- little statistic eighteen year low in homeownership.
While while we -- these positive numbers -- eighteen year -- 60% of Americans actually.
Own -- home right now.
Think about this -- -- have come off 40% right we came from a nation of homeowners now we -- as homeowners into foreclosure.
This foreclosures -- gobbled up by hedge funds and others hedge funds which have gobble up all the cheap inventory are now renting back.
The people who can't afford to buy homes so what is and you know I I.
-- what does that mean I I think the bottom line is this if you're gonna be -- buyer duel with some of the middle.
Of the road home but homebuilders like -- I think told Brothers yet it's -- -- tide they also get into the high end look at Ryland I think he should be careful here with a lot of the home those but the run don't -- -- -- But I did that there is housing is back -- with a vengeance.
Now now I don't know and I think as soon -- rates start to go up.
I think as soon as you know we see a little bit a draw down liquidity.
I think a lot of the excitement is gonna die down and we'll see the inventory come back to the marketplace -- to drive prices program that -- -- -- would love to see how to governor Pete built weasels say guys -- be --
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