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The Dow Theory was to watch these 3 indices. If two started to move in tandem, up or down, then this was considered an indicator of where the overall market would move in short order.
The original creator of this market data, Kulbinder Garcha of Credit Suisse, thinks this demonstrates cannibalization of tablet sales by phablets. And this is supposedly a bad thing for Apple.
Growth is a wonderful thing. When a company grows it can write off big mistakes and nobody cares. It can overpay employees, give them free massages and lunches, and nobody cares.
In May, 2011 I reiterated this problem at Wal-Mart in a column that paralleled the retailer with software giant Microsoft, and pointed out that because of financial machinations not all earnings are equal.
WalMart announced 1st quarter results on Thursday, and the stock jumped almost 10% on news sales were up versus last year.
Snapchat filed its latest fundraising with the SEC this week.
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