Wednesday, June 27, 2012
Links to Drink By
Apple's iPhone is 5 years old today and in that short period of time it has changed the information ecosystem. I wonder what Apple TV will do?
A recent court decision may pretty much end the building of any future coal-fired power plants. Natural gas is the likely winner. Buy UNG? Money quote:
"The agency is also preparing to issue first-ever standards for carbon dioxide emissions from new power plants, which are likely to spur utilities to opt for cleaner natural-gas burning plants instead."
Stockton CA is bankrupt. Retirees are screwed. "My prediction is that retiree health care is cut. I wouldn't be surprised to see it cut to zero," says a bankruptcy attorney. Is Illinois next? Watch out for Muni bonds.
Merkel is adamant that she will not bail out the PIIGs. "Not as long as I live." Could this be the bottom? I wouldn't short this market.
Disclosure: I own AAPL and UNG, among other long positions. I have covered all shorts.