Monday, January 22, 2018

The Geico Rock Award: 2018

Analyst / investment advisor Bernstein raises AAPL target from $100 to $190 on day that Apple surges 5%, up $10, hitting all-time high, trading at over $200/share. 

WSJ reported Rebecca Elliott: on July 30, 2018, noted that drillers in west Texas are pumping so much oil and gas that pipeline considered more than adequate just a few years ago now are overwhelmed. Anyone paying attention were aware of this a year ago?

IMF managing director Christine Lagarde. Link here. MF revises up global growth forecast helped by Trump tax cuts. Did hell just freeze over? With regard to taxes and growth, one wonders if IMF managing director Christine Lagarde needs to be nominated for the 2018 Geico Rock Award. By the way, it appears the IMF is doing what it can to keep revised growth forecast below 4%. The estimates depend on input/data and analysts can put whatever they want into the formula; clearly it's in the IMF's interests to keep estimates below 4%. January 22, 2018. [Later: US GDP surged 4.1% in first estimate of 2Q18 GDP growth.]

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