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Author:

Jam ok

Subject:

Off Topic

Date:

05/16/16 at 8:29 PM CDT

 

 

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Sentiment:

Neutral

Reply to:

MSG`#3687,`05/16/16
By LongTerm CapGains

 

Re: Earnings season shows more declines

lt cap,

I agree entirely. I'm sure I've posted this before, so forgive me: A close friend, an expert in AI, contends that it will not be long before a computer with sufficiently high AI will be able to do anything a human can do (including art: painting, poetry, etc.) 'Our Final Invention' by Barret makes a pretty strong case. 'Rise of the Robots' (can't recall the author) speaks to how the owners of the automatons (the 1% if you will) will become increasingly more wealthy, rather than spreading the $ around, and perhaps sets the conditions for revolution as the gap between haves and non-haves gets dizzying. Good thing that 60 countries are reseraching autnomous battlefield weapons - one way to cut down a murderous mob.

And on a different topic, I know you all know this...but.....Jester's and lt caps observations about both how earnings reports are cautionary and how real GDP keeps falling far short of estimates (warnings from both in the US - .5% GDP growth, and IMF or whoever looks at World GDP cutting back estimates) are important long-term indicators of what we're probably in for. Not that this is any different than other times - but the market seems to keep 'dithering' on the news of the day, if not the news of the hour - Oil is up, the market gains 200 points - Oil price is down, it loses it back. Attenion span of a guppy. I hope to God our play on the optical network sector comes to fruition before the party is over. I have read some stories that suggest a recessive market may well open up price wars - let's hope not.

And on a different topic - I cannot believe how negligent I was on not monetizing my strong opinion that in graphics cards, Nvidia was eating the only competition - AMD's lunch. AMD was playing desperate catch-up, re-branding cards with the same architecture. And not doing well at it. I looked at NVDA in the low 20's. It is now above 40. And on May 27th, NVDA will begin shipping its smaller-die Pascal architecture cards. Too stupid to act on the implication of one's own words? Well, hope there's another bus coming in 20 minutes.

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