Sean Olender

Apple and Intel Fail to Impress: Waiting for the Fed's Next Move

I sure hope people who own Apple stock don't become Scientologists because that is clearly the next step.

These Apple Heads who are getting so angry about someone merely writing what they feel the numbers hold for Apple aren't going to be toughing it out with second jobs (no pun intended) after the free fall the stock endured. We're coming up on a 50% correction if the stock gets down to 100. Whether that's undervalued or not remains to be seen. We have to see what the new American consumer, without the benefit of home equity withdrawals equal to double his income, decides to purchase in the coming year or two.

But I will say that if readers listened to this analyst when he wrote the article instead of the Second Jobs attacking him, they would have saved tens or hundreds of thousands of dollars in the past few days.