Revolution Investing links: Economists revolt, G-20 cluelessness, how the best tech trader I know is trading Groupon and more
Here’s what I was thinking and writing about when I wasn’t jumping for joy that my Gmail “Database error 500” issue that kept me from accessing my Gmail emails all day yesterday was resolved overnight magically. Was worried I’d lost all those emails, you know? Whew.
To say LinkedIn is fairly priced at current levels is a wild exaggeration – Brian Gilmartin looks at LinkedIn’s earnings and doesn’t much like what he sees though he does note that they should climb from $.30 to $2.60 next year. Huge growth, if they deliver it. At some point in the future, I’d rather be short than long LNKD personally, and Brian’s analysis confirms that. CVS and Starbucks earnings analysis to boot. Meanwhile, the Finance Professor is selling his SBUX calls, by the way.
Groupon enjoys 50% pop in debut and “Flipping my GRPN” – LinkedIn and GroupOn are bubblicious, but that doesn’t mean that we’re already in a huge bubble and that it’s about to pop. No, gun to head, I think the endless “QE” and pro-corporate tax/economic policies are likely to fuel another huge stock market bubble and that these are more like Netscape in 1996 than Pets.com in 2000.
Stimulus on G-20’s mind – Talk about clueless. Do these people at the G-20 meeting not realize that it’s partly these endless “stimuli” which are really just code for wealth and debt transfers from taxpayers to the bankers/corporations that are what the Occupy protests are all about? And besides, wouldn’t you feel a helluva lot more confidence if the headline read something like “Crackdown on past and ongoing financial crimes on G-20’s mind”, anyway? Of course, even that headline assumes that a collective group of elite bureaucrats owned by corrupt bankers and global corporations has a “mind”. That’s a silly assumption.
Steve Keen: Harvard Starts its Own PAECON Against Mankiw – The Occupy protests are a bigger and steadier growing phenomenon than anyone in the mainstream media will admit. This walk-out against Gregory Mankiw at Harvard, whose book I was taught from at University of New Mexico by a professor indoctrinated at MIT and whom I interviewed several times while I had my show on Fox Business, is fascinating. Read the comments at the end too, as the debate rages.
Principles of economics, translated – And on that note, you’ve got to watch the Stand-Up Economist’s hilarious mockery of Mankiw’s economics text from WallStreetAllStars.com/video, the most extensive financial video database on the Internet.