Points, s p declining 1. 13 and nasdaq sinking 1. 4 . Isnt that outrageous . I thought this was only supposed to be an up year, for heavens sake. Look out. Weve got a new type of investor in town. The selfish ungrateful shortterm player who feels entitled to the point of absurdity. How do i know this . Pretty simple. I go on twitter jimcramer and read about people attacking me for recommending a stock thats dropped a point and a half. A 2 decline to these newbies is a plummet. A 3 drop is disastrous. A 4 decline, who knows . They might not even live to tweet about it. Now, at the risk of calling myself a pro, something im entitled to do, i think, because ive managed money professionally for more than three decades, let me tell you how you need to view these kinds of, yes, painful declines. First, im going to make you a fly on the wall for a series of conversations both online and then at the office with the coportfolio manager of my Charitable Trust cnbc contributor stephanie link on t
11. 4 . Lets do 1. 24 is the number that were looking for, which is 3 cents ahead of expect takings on sales of 22. 5 billion, which was 700 million ahead of the 21. 8 billion estimate. The company is looking for 2013 of 2. 60. The street is already at 3. 64. Since there is three cents ahead already, andrew, that doesnt necessarily, you know, they beat by three cents in this Second Quarter, so to boost the fouryear is not that to say theyre raising doesnt really help. Depends where analysts already were, right . They do see fullyear sales up 4. 5 . The fullyear number is 77 thats a big number. It looks like the sales are going to normalize. Quarterly same store sales of 11. 5 and coming down to 4. 5 for the full year. Those are same store, not total sales. Right. If theyre adding stores, yeah, got to be even worse. And then, right . Same stores is going to be different than once we saw the number western did see the sto we did see the market come down. It is hard to say. 72, 26, 97, wi
55 said no. 45 said yes. One of the morning papers here, the reUnited Kingdom. The no voters, jubilant last night as the results started to come in. 2 million scotts voted no versus 1. 6 who had voted yes. They were absolutely ecstatic, the no vote, to see what was happening. The yes voters, as you can imagine, extremely unhappy. Uk Prime Minister David Cameron, thats not him, thats alistair darling, but the uk Prime Minister David Cameron just a few hours ago addressed the nation. Good morning. The people of scotland have spoken. And it is a clear result. They have kept our country of four nations together. And like millions of other people, i am delighted. As i said during the campaign, it would have broken my heart to see our United Kingdom come to an end. The british pound rallied sharply overnight as the results started to roll in. Weve seen it pullback now, but still above 163, almost to 164. So maybe some of that priced in. But you can see the rise overnight. Let me show you wha
Have not thought about. Apple has a patent for face recognition on phones. That got their thumbprint on the model 5s and they have the idea of scanning faces for security. Tore are interesting ways employ this. It also is a privacy concern. It raises concerns. Is looking at this. Privacy is a big issue. It is, you mentioned the retailers will set at the table to come up with these voluntary standards but privacy groups will do this as well. The Commerce Department will bring together the retailers but alsoaclu and they will meet in february and they will come up with a code of conduct by june. The technology we are talking about remember the movie minority report in 2002 . It portrayed a world where cameras in Public Places could read Public Places and target ads to that individual. We are not quite in that world just yet but the technology is there. We have been talking about Companies Including apple. Cameras can take better pictures in Public Places, Geolocation Technology is everyw