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  • Awaiting Apple Earnings and Guidance [View article]
    papita -- if you think that the market will bottom before Apple reports, then you have absolutely no idea about what is happening in the global economy.

    How many people will be buying Macbooks and iPhones if the unemployment rate is 25%? How about if the credit card companies fail?

    In today's WSJ, the front page story is that one mortgage in six is under water in the USofA. The state of California is requesting a bailout from the federal government. The national debt has jumped up by about 50% in the past couple of months, after doubling over the past 8 years. There is a very real possibility (possibility, not probablility -- I hope) that the United States might suffer economic collapse, and idiot senators and representatives are throwing hundreds of billions of additional debt on the bonfire.

    And you think that the markets will bottom in the next couple of weeks?

    Get real.
    Oct 08 10:36 am |Rating: 0 0
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