Is this stock market scary or what?

The news today that the Nasdaq closed above 3,000 has me a little spooked. They are saying that this index of tech and other growth stocks has closed at the highest level since December 11, 2000.  That was just before the tech bubble burst.

Now no one is saying that another tech bubble has formed but it has taken us almost twelve years to get back to even.

Smart People On Wall Street

What could be driving stocks that high?

One culprit could be the excessively low returns being offered for money market accounts and Certificate of Deposits. With these cash storage devices paying 1% or less interest while the real inflation rate (what you actually pay for food, clothing, fuel, and housing) is probably something closer to 6% you lose 5% a year by just parking your cash.

Regular Investor

So… Every day many people are dipping their toes into the stock market using mutual funds with names like “The Super Safe Growth Generator” and “Can’t Lose Undervalued Stock”.  When they do this smart people on Wall Street just plow their cash into the same stocks we have seen going up for the last few months.

Like any bubble this party may be over soon. Just like last time.

Stocks can only;y go up for so long. Remember: You heard it here first.  

 

Because DirecTV owns the skys do they think they own your living room?

Get to the fallout shelter... It's SPutnik!

The space race started back on October 4th 1957 when the Russian launched the Sputnik satellite. This 184 pound chunk of metal and electronics scared the snot out of people. The fear was that from this platform in the sky the Ruskies could launch all sorts of attacks on us.

Luckily for us that wasn’t true.

But here we are over 50 years later and we are being attacked from the sky. The real enemy is DirecTV!

But there’s hope….

If you are a DirecTV user you may have found out to your dismay that as of last Thursday there were all kinds of price hikes and channel reshuffles. Channels you got last Monday you might not have on Thursday.

Last time I checked when you sign up for something it should stay the same. If I order a McDonald’s Big Mac with two patties it’s not cool if McDonald’s decides somewhere between the grill and the paper bag to only put one patty in there.

But this is exactly what DirecTV does.

Quick hide... It's DirecTV!

I believe they don’t get it that this whole video entertainment business is collapsing in on them and this is definitely not the bes time to alienate customers with these kind of attacks.

Remember when we used to wear watches, use travel agents, and shop at an actual brick and mortar book stores?

In this age of instant, on demand, video programming for free or very low price why do we need DirecTV?  When you surf the channels most of the programming seems to be just filler. Like cheese doodles for the brain. It might look good at first but they are just empty calories.

DirecTV can cost you north of $75 a month.

Most of the good programs are probably free on Hulu or you can pay $7.99/Month for Hulu+. Along with the bazillion of movies on Netflix and Amazon Prime you probably have enough video entertainment to take up most of your waking and sleeping hours.

You say you like to watch Mad Men of the Walking Dead. You don’t need DirectTV for that. for $1.99 per episode you can get them from iTunes or Amazon the next day.

For $75 a month that is a lot of downloads of just what you want to watch when you want to watch it.

This should be a warning to DirecTV… Wake up and start treating your customers better or those satellites might all go dark when everyone decides to stop putting up with your bad behavior and get their video entertainment elsewhere.

P.S. I will be writing a letter to the bosses over at DirecTV to see if they care.

 

 

Test post from iPad… It works!

This is a test Post on my iPad using an app called Blogsy. I have been doing a lot of research over the last few months looking for just the right blogging software to use and this seems to be the one.

I started out with the GoDaddy Quickblog system but although it is pretty good, I could not do posts from my iPad. So… Today I switched things over to a GoDaddy hosted WordPress system. So far so good. It took me about two hours to set things up. There so many interesting settings I’m sure I will be tweaking this thing for quite a while. There as also loads of features to explore.

Coincidently Apple (NASDAQ: AAPL) has announced blowout earnings today. They had over $46 Billion in 4th quarter earnings. That’s a lot of iPads and iPhones.