Constable Odo

Is Apple the Beacon of Light In This Dreary Recession?

Apple's stock is hardly a beacon of light in these troubled times. It's more like trying to see light of a penlight flashlight in the dead center of a black hole. Google will probably shine like a supernova as soon as the economy turns around.

I'm long Apple since 2004, but this wonder stock has lost it's luster and very unlikely to return to it's former shine any time soon regardless its reserve cash or incoming revenue.

CE Spending Looks Dismal - But Macs Set to Hit New All-Time High

Bottom line is even though Apple will do better than most computer or CE retailers, it's stock price will still go down because they still won't satisfy WS's expectations. Already one conservative analyst has lowered the target price by $10 to $215. At this rate, Apple's stock price doesn't stand a prayer of going up. Another quarter of WS saying that Apple failed to deliver the same as every other computer or CE company. Having healthy financial fundamentals, a flush cash reserve and continually providing jobs for employees means nothing to WS. WS would rather break a company like that and put more people out of work. The more companies WS sends into the toilet to further weaken the U.S. economy, the better for the super rich.