<p>I don’t remember. It was your post. </p>
<p>The guy supposedly did some work for Stevie Cohen. I think he mopped up the floors.</p>
<p>[Apple</a> Stock Bottoms Here: DeMark](<a href=“http://www.cnbc.com/id/100382535]Apple”>Apple Stock Bottoms Here: DeMark)</p>
<p>I was just about to say Tom DeMark but he isn’t bald unless…Charles Barkley is bald.</p>
<p>Lol…</p>
<p>I mentioned Demark who isn’t bald. Maybe you mean Don Rickles?</p>
<p>Demark was also on Bloomberg. Most of the fast money guys at the time would not buy aapl until after this earnings or even until the fall.</p>
<p>[Rich</a> get richer in recovery, but net worth of lower 93% declines - latimes.com](<a href=“http://www.latimes.com/business/money/la-fi-mo-economy-wealth-20130423,0,3711482.story]Rich”>Rich get richer in recovery, but net worth of lower 93% declines)</p>
<p>“The report found that the average wealth of the upper 7% of households jumped to $3.17 million in 2011 from $2.48 million two years earlier. The mean wealth for the remaining 93% dipped to $133,817 from $139,896 as their fortunes were tied up in their homes. From 2009 to 2011, property values sank 5%, based on the Case-Shiller index.”</p>
<p>I’ve always found that it’s a lot easier to make money in stocks than houses but it appears that the vast majority of people prefer houses to stocks. That seems counter-intuitive to me.</p>
<p>^I think most people’s biggest asset is their primary residence. I doubt most people’s wealth is as much as $133K if excluding their home.</p>
<p>Richer get richer isn’t surprising considering all the money FED was throwing in. I have a sneaky feeling whenever the government spends money it goes to the wealthy even if it’s wellfare. Just look at their overheads.</p>
<p>Middle class can’t afford stocks. They can barely afford their homes. Anyway, that is my two cents.</p>
<p>Plus housing prices are less volatile than stocks. </p>
<p>Aapl is trading below 396 the last I looked.</p>
<p>If you can afford a home, you can afford stocks.</p>
<p>The problem is that a lot of people probably can’t really afford their home. But they have it anyways.</p>
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<p>Yes. But you can get out whenever you want to. You don’t have to pay property taxes. The commissions are tiny. And you don’t have to fix a leaky faucet.</p>
<p>A lot of people I know use a house to live in - more of a necessity than owning stocks - I think.</p>
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<p>A place to live is a necessity but 3,000 sq ft isn’t.</p>
<p>Nobody is saying anything about 3000 square ft</p>
<p>I saw that article about the rich getting richer, and my first thought was “old news”. But my second thought was - you get a distorted view if you are only looking at gains made since 2009. Some people have had great gains since the bottom but are still below where they were in 2007. I think most of what they are looking at is the difference between a stock portfolio that went down a lot and has now recovered most if not all of its value, and a house price, which went down a lot and in most cases remains below where it was in 2006.</p>
<p>I also despise the “Fast Money” crowd, both the show on TV and the actual population of hedge fund and high frequency traders. I think the TV show is a very bad influence on most of the viewers, in addition to endless opportunities for them to report at the end of the day that they bought at the lows and/or sold at the highs earlier that same day.</p>
<p>Perhaps the wealthy got out before the crash and then back in at the bottom. They should have better access to good advice.</p>
<p>Man, this one part of an article one of you guys posted earlier makes me just so frustrated with expectations of companies. I’m about the farthest from an Apple supporter you can find, but this ridiculous.</p>
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<p>So a six year gap, a three year gap, and now people are frustrated there hasn’t been something that has revolutionized the world in the first few months of this year. Not to mention I’m still not sure how revolutionary any of them were other than the iPhone. Plenty of mp3 players were around prior to the iPad, heck, most people didn’t give a darn about it until two generations in or so. The iPad was just a scaled up iPhone, too. Seemed like a fairly logical extension.</p>
<p>Also, agree with BCEagle about the houses people buy. Living here in an expensive part of the country, I’m amazed what sort of mortgages people are willing to take on with only modest jobs with moderate incomes. When we bought our house the real estate agent, loan broker, etc couldn’t believe we only wanted to spend about 50% of our pre-approved loan amount. We were about to change real estate agents because he kept trying to steer us well above the price range we wanted to shop.</p>
<p>As with anything whether its fast money, cnn news, fox news etc. you have to filter the bs. As mentioned in the blog in regards to the reporting on the Boston Marathon, don’t believe everything you read, be a skeptic.</p>
<p>I used MP3 players before the iPod but I used them for a short period of time and determined that they were junk. Apple did a nice job on the UI and I’ve used them to lose an awful lot of weight. They are still the standard despite lots of competition.</p>
<p>The MacBook Air was a pretty radical change and it only took the competition about five years to catch up.</p>
<p>The important thing as a trader or investor is to separate the love/hate for their products and the work of making money. </p>
<p>I’ve been trying to figure out what to do with some of my more conservative money and the only thing that I could come up with was to put in a lowball order for more PBA. The record date is tomorrow and it’s around it’s all-time-high. So we’ll see if I get lucky and get filled.</p>
<p>The median existing home sale is under 200,000.</p>
<p>Fast Money is selective reporting. The panelists report what they want. If they were as good as they pretend to be, they would not need to be on tv. I agree with NJres. The show is a big negative. It is not that easy to trade as much as these guys do and make money. It is a misrepresentation of what investing really is. Most traders are losers.</p>
<p>I don’t know which home sales are being reported but I hope there isn’t confusion between median and mean</p>