mike hough

Apple Earnings Expected to Beat Estimates

140627. No you are not missing anything at all ......except expecting analysts to be accurate.

We can now expect a batch of such experts to tell us that the company they trashed as 'missing targets' is now a 'buying opportunity' because they expect it to 'beat' targets. Of course they will make sure to tell their clients a day or two before they publish so the public will rush in and buy before Jan 22 and thereby fulfill the predictions made to their clients. No doubt they will then claim to be spot on with their predictions. All they need to do then is scream recession so loud that the taxpayer is obliged to bail them out of their subprime mess they put the world in etc etc. As the Times put it this morning:

"In the case of Morgan Stanley, for example, the $5billion of new funding raised from the Chinese Government has been almost exactly matched by an increase in the bonus pool for payment to its supposedly talented employees. Citi, meanwhile, after paying out more than $100million to its sacked chief executive, is now planning to pay out roughly half the new capital it raised this week as a dividend next month."