WEEKY MARKET DIGEST: INCREASE IN PERSONAL SPENDING 400% OF PERSONAL INCOME INCREASE

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) INCREASE IN PERSONAL SPENDING 400% OF PERSONAL INCOME INCREASE March 30, 2012 February personal spending came at 0.8% and personal income came at 0.2%. In the

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FORGET LIPITOR, HERE COMES THE NEXT BIG THING

In 1971, a Japanese biochemist, Akira Endo, started work on what turned out to be the next big thing in the prevention of heart attacks and strokes, known as statins. In 1978, Merck (MRK) isolated lovastatin from fungusAspergillus terreus. Lovastatin is naturally contained in red yeast rice, a traditional Chinese fermented rice

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FACEBOOK IPO A GREAT BUY, BUT NOT WITH LONG LOCKUPS AND FAT FEES

I have been advocating backing up the truck and buying all the Facebook (FB) shares an investor can get in the IPO.  (For background please see:Facebook IPO Is Nigh, Should You Buy?) When an IPO is as white hot as Facebook, plenty of scams are bound to raise their ugly heads. 

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APPLE NEEDS SOMEBODY TO SAY NO TO BAD DESIGN

An ex-Apple (AAPL) engineer, Michael Margolis, tweeted, “Now there is nobody to say no to bad design.” Margolis was referring to the design of the new Apple TV set top box that was released alongside the new iPad earlier this month. Margolis claims that the new designs were tossed out five

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