yet another steve

The Consumer Spending Slowdown Catches Apple

Visibility problem? Absolutely. But it's already in the stock.

Technically, the stock has not found a bottom.

But it certainly seems like there is more upside risk than downside risk at an enterprise value of just $72/share.

And Apple buyers tend to simply delay purchases, not switch brands. Sooo.... the franchise is just as strong whenever consumer spending recovers.

A big slowdown in consumer electronic spending could also give Apple some help with margins. Which equals some serious operating flexibility. And while we're all just guessing what their numbers are, they certainly know.

If the world doesn't end, Apple is well positioned to emerge even stronger. But there's no limit to how much a stock can overshoot--upside or downside.

If the world does end, none of this will matter...