F. J. Taylor

Cash Position Best for Apple Investor

Well, I hate to say it but Zach is right in some ways about this.

Despite Apple's excellent products and position, this market is tanking big time - as I figured it had to some years since. The only things keeping it afloat were the housing bubble (which I also saw coming and sold up while the getting was good) and of course, Greenspan's "irrational exuberance." (Oh yeah - and the M-I complex's war profiteering outfits...)

The Street is rather like a bipolar case off their meds at the best of times, and in this situation and economy, more so.

However, as Baron Rothschild is said to have remarked; "Buy when the blood is running in the streets." (One hopes he was being metaphorical, and that it doesn't actually come to that...)

However, my bet long term remains on Apple. I sold off half my shares when they were high. As I had bought low, they paid for the lot, with a few bucks profit, so its "house money" now - and I plan to keep what I have, and when I think it has bottomed out, get more.

If you can't stand the heat, then by all means get out of the kitchen - all these amateurs and day-traders have helped create the havoc in the market (along with some corporate greed-heads at various levels and their political accomplices).

Like Zach, I don't anticipate any speedy recovery from this, so don't bet your bottom dollar on ANY stock - unless you can afford to lose it. Remember, the market is just like Vegas - a gamble - but if you have done your homework and due diligence, AND are lucky... you may come out on the other side (whenever and wherever it is) in one piece.

As to the notion that cash is somehow "safer" - don't forget what "cash" is - paper - with NOTHING behind it anymore. So as to gold and silver, own some (the real thing, not "shares"). Same goes with food - own some (real) food, not just shares. If the foreign investor trends continue, and any more oil producers yank the petrodollar, be aware that the BIG crash will come sooner rather than later, as all the US has left as a real ace in the hole is its military machine...

Meantime, good luck to all of you.