“It’s happened again: The stock of the most beloved company in the world, Apple (AAPL), has dropped more than a third off its highs. Of course this means that no one likes it anymore,” Henry Blodget writes for SIlicon Alley Insider.
“Well, wake up, people! If you really think that Apple’s going to take over the world, this is the time to love the stock, not when it claws its way back toward $200 again,” Blodget writes.
“Apple’s stock just isn’t that expensive anymore. At $127, the stock is trading at about 25X trailing earnings (that’s trailing, not analysts’ hallucinations about what is going to happen over the next few years),” Blodget writes.
Full article here.
Even Apple can’t weather a post real estate bubble recession
But the PC repair business is BOOMING!!!
Why buy new when a few sticks of RAM, a gut and install, and $40 a year for anti-malware, gives you another 5 years of wonderful Windows XP!!
I LOVE WINDOWS!! On other people’s computers that is.
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I want the government to bail me out for the full cost of my October AAPL 160 calls….. If they don’t then I’ll just have to be a more responsible investor and stop taking chances, something I’m sure nobody wants.
Randian,
I agree. Where is the bailout for the consumers? This plan will primarily help the management of these companies that were mismanaged in the first place. Where is the waiver for my $130,000 in med school loans. At least I’m doing more in this world than making myself filthy rich (actually, I’m quite poor – the bills are killing me; no one goes into medicine these days to get rich – because you won’t! Be a lawyer or CEO!)
Liberals. Conservatives. Democrats. Republicans.
What’s the goddamn difference anymore?
Tax and spend, or borrow and spend. Some choice.
Take your pick this November. And watch as the fleecing of the American people continues…
Upturn or downturn, it doesn’t affect me either way. I don’t own a house. I rent. Let the sucker who owns it take the fall. I’ll just find another to move into. I buy used cars and pay cash, so no bills there. I’m a mechanic, so I can work on my own cars. No bills there. I belong to a credit union, and have saved $10 a day for the past nine years. I don’t read newspapers, or watch TV, with the exception of the occasional astronomy or tropical fish DVD. I don’t give a damn what people think of what clothes I wear, what car I drive, where I live, or pretty much anything else. If I cared what the broke losers with their status symbols thought, I’d be broke too.
But I’m not.
To sum this up… too bad, so sad if you bought into the “American Dream”. Because it’s a lie created so that wage slaves could impress people that they would otherwise never talk to or even like, for that matter.
Hell, even my Macs are old (four G3s and a processor- upgraded G4)!
Hot Damn – Politics, History
And who to “blame” for Current Situation
Ok, let’s go back, way back
Remember a guy named Ike ?
(and not talking about the recent Hurricane)
He said it:
Beware the Military Industrial Complex
He could have added:
Beware of Greedy Manipulating Monopolies, their FUD, and the empty Harvest we will reap from their Sowing – taking over America and The World
Ike must have seen Microsoft coming down Main Street
BC
Malvado…
Take one of those 0% credit card deals, transfer the debt, and pay it off at no interest over a year.
I renovated my kitchen doing that. I charged materials, fixtures and paid contractors with credit card and those credit card checks… PLUS it was a frequent flyer mile account. THEN, I transferred the balances to a 0% card. Paid it off in about a year.
Hey, USE the system. It works.
so sad if you bought into the “American Dream”
Depends which American Dream you’re referring to.
The Old Dream was about hard work, intelligence, and perseverance. You could have it all, after careful planning and cultivation. It was truly a long-term investment.
The New Dream was (until about last week) about having it all, right now, through easy debt. Want the McMansion, a couple luxury cars, foreign vacations, the best of everything? No problem, sign right here!
Now the party’s over, and we’re about to bail out this debtor class of people. Yes, it’s SUCKS to be one of The Responsibles who will be paying for this. 🙁
As for AAPL, this is a hard call. Apple Inc. will survive, no question. Overall market conditions are the factor here.
it takes sixty votes in the senate to overide a presidents veto. So unless dens get sixty votes in the senate you can blame dema all you want. Itvdirsnt make it so. Republicans just need to get 1 Lieberman and vp dick to pass their crap on us. The dens have slowed down the train wreck that was a republican congress and president until 06. Stop blaming Democrats douches. Bushes henchmen are MORE to blame and hopefully the Democrats will sweep into power in January and put adults and not a guy who wears adult diapers in charge.
The bail out plan not being enacted? It’s the perfect excuse/cause that will make stocks a lot cheaper.
Only a few privileged will make money based on fore-knowledge.
This US communist president is sooo great. Hope that you choose next time the right wing alternative Barack Obama. =)
@Kee
amen brother, except I do have a couple of somewhat newer Macs!
A nation with an economy built on debt is destined to fall.
History is filled with examples of this going back thousands of years.
That’s right, thousands of years.
@60
In case you don’t understand how the Senate or House works, all you need is 51 or 219. Especially when you have someone in that
White House that is willing to sign it. To override a veto you need two thirds. So the way I see it the Dems are afraid to put their name on the line for something they believe in because in the end they believe in nothing but themselves. 700 billion is what they want to spend like Bush but are chicken because then they have only themselves to blame if it fails, which it will.
@60
Maybe you didn’t read the news but it was the Republicrats that walked out in opposition to Bush not the Democrats. So stop dropping your pants and exposing your stupidity.
I find it humourous that people actually think that who they elect in actually makes a difference.
@ApplePi
I find it humorous that you find the fact that many voters are ignorant morons humorous.