This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Welcome to the Asynchronous Economy

Stocks in this article: BBY LXK

NEW YORK ( TheStreet) -- I was watching an episode of USA Network's "Burn Notice" from 2008 and it suddenly seemed antique.

Star Jeffrey Donovan was talking on a flip phone with that 10,000-mile stare that was such a feature of the last decade. (That and the "Bluetooth Crazy" -- someone on the street motioning wildly and talking loudly into the air while you walk by -- good times.)

Point is people don't do that much anymore. Now we're all hunched over smartphones like vultures, heads stuck out and down, bumping into things while our two thumbs peck madly at the screen.

It's not just how we use technology that has changed, but how we deal with one another. A telephone call is synchronous -- both parties on the same line at the same time. A smartphone interaction is asynchronous -- you play with your machine and later I play with mine.

News that the "device revolution" of smartphone and tablets is advancing at 10 times the rate of the PC era, twice the rate of the Internet era, as I mentioned Wednesday, adds to the urgency of what I need to say today. Because that device isn't a phone at all. It's a computer, a full-fledged broadband-connected PC, with everything that implies.

It used to be, back in the 2000s, that at least when a merchant had a customer in the store, they had them. They could make their pitch, they could reassure on price, they had some control. No more. Now we can double-check every claim you make standing in front of you, even order it from Amazon for a few dollars less while you watch helplessly.

Want to know why Best Buy (BBY) is in such a world of hurt? The big boxes no longer control their own destiny. We can bypass them with our thumbs.

Or consider business communication. No one calls anymore. They send email. The boss writes when he wants to, and I read it some time later. I don't follow up that email with a phone call, because I don't know where the boss is.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,601.41 +244.54 1.41%
S&P 500 2,042.73 +29.84 1.48%
NASDAQ 4,713.6870 +69.3750 1.49%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs