MacDailyNews - Where Mac news comes first

Mar 11, 08 - 09:59 am Comment from: TowerTone

I enjoy broad gains, but the loses are always a bitch....

Mar 11, 08 - 10:01 am Comment from: Macintosh

No, it's because they updated the fan on the Macbook Air.

Dammit, that means the Ultra-Short Funds are going to be down this afternoon.

Ampar, no shorts-down puns, please. This is serious.

It won't last. This is just short covering and the market will give back most of the gains by the close today I predict.

And the US$ rose 1 cent verso swiss franc today... 97 US cents for 1 Sfr.

Mar 11, 08 - 10:19 am Comment from: Ampar

To Sum Jung Gai: O.K. It seams like a waist but no off the cuff remarks.

Mar 11, 08 - 10:28 am Comment from: M. T. MacPhee

The central banks of Canada, the UK, Switzerland, and the European Central Bank were also in on this maneuver. Just tryin' to help you Yanks out.

Mar 11, 08 - 10:35 am Comment from: Buster

Between TT and Ampar, I gotta go change my underwear......

Mar 11, 08 - 10:39 am Comment from: TowerTone

Buster
sounds like you had some short gains....
Butt don't worry, this two must pass.

Only $80 a share more to go!!!

The slowing economy still spells bad news for Apple: iPod sales are down, Macbook Air isn't getting traction despite the positive spin put on by MDN, and iPhone has 1% of total handset market.

Magic Word: problem - how appropriate

Mar 11, 08 - 11:02 am Comment from: ChrissyOne

joey, you ignorant slut.

Mar 11, 08 - 11:09 am Comment from: CheekyGit

You are such a poet, C1.

Mar 11, 08 - 11:10 am Comment from: ChrissyOne

Yea, verily.

Mar 11, 08 - 11:12 am Comment from: CheekyGit

I made a cool $3,500 on that Fed move this morning.

Gotta love FOREX.

Yeah, great move for the long term. The Fed is bailing out irresponsible mortgage lenders by allowing them to post shady mortgage backed securities as collateral for high quality greenbacks. Your tax dollar at work, propping up an industry whose executives made millions.

The dollar will continue to fall, since the Fed is printing more of 'em, then they will turn around and drop interest rates again, the will help greedy slime on Wall Street while regular blokes will get hit with 10% inflation and $4- / gallon gas.

Why didn't we vote for Ron Paul?

Mar 11, 08 - 11:39 am Comment from: Buster

TT....damnit....gotta go change again.

Mar 11, 08 - 11:49 am Comment from: TowerTone

Sorry, Buster.
Meanwhile, I will wipe that cheesy smile off my face...

Mar 11, 08 - 12:54 pm Comment from: Buster

Phew...thanks. I was starting to smell bad.....

Mar 11, 08 - 01:32 pm Comment from: ElderNorm

@joey,
"The slowing economy still spells bad news for Apple: iPod sales are down," --- Who says? Sheeeze. iPod sales acceleration is off. Big difference.

"Macbook Air isn't getting traction despite the positive spin put on by MDN," --- again, who says? I hear that sales are greater than availablity so people are having to wait for units. ???

"and iPhone has 1% of total handset market." --- And there are more cockroaches than Joeys so they must be better than you. Hmmm, how does it feel to be less than a cockroach???

1% of the TOTAL cell market??? What are you trying to compare? Apples to Oranges?? or just fruit and joeys??? LOL

en

Magic Word: problem - how appropriate"

Mar 11, 08 - 02:04 pm Comment from: rahrens

Macbones;

The Fed doesn't print money. The dollar is falling because foreign banks and other large holders of dollars are dumping them on the market based upon the weakness of the US market. When the Fed drops interest rates, that has the affect of enlarging the money supply, as does the lending policy they just announced. It's like printing money only it doesn't cost the government anything like a printing operation does.

The US Mint prints money, and that operation does not release that new cash into the economy. That function is performed by the Fed as it replaces paper bills one for one as they wear out.

It is old fashioned to print money to enlarge the money supply - it is inefficient, costly, and takes way too much time, while the Fed's other mechanisms for doing that with interest rates and lending policies cost nothing and affect the economy much more immediately.

If you are going to criticize the government, at least learn how it operates, first!

Mar 11, 08 - 02:16 pm Comment from: DogGone

Nice one C1

Now joey apologize to everyone or TT will have to pull your shorts down and give you a spanking.

Mar 11, 08 - 02:20 pm Comment from: CheekyGit

@DogGone

Don't have him pull his shorts down. My eyes would bleed.

Mar 11, 08 - 03:26 pm Comment from: ron

@Towertone, I enjoy broad gains, but the loses are always a bitch....

As are the losses.

why oh why, didn't i sell at $200?

maybe because I'm a greedy? or just plain lazy? or maybe a little bit of both?

Mar 11, 08 - 03:41 pm Comment from: DogGone

The stock will get up again to 200. And more.

Apple will just have to show that
1. iPod sales are generating huge profits
2. Mac sales are getting obscene
3. iPhone is the next big thing and will go the same way as the iPod.

Next quarter's numbers will be interesting and hopefully demonstrate that everything is kosher.

Mar 11, 08 - 04:28 pm Comment from: TowerTone

Thanks, ron. Apparently I lost an 's'.
At least it is not a 'capital' offense....

Mar 11, 08 - 05:56 pm Comment from: CheekyGit

Geez, TT. Even Zune Tang's jokes are better than that one.

The Federal funds rate is the rate that banks charge each other for overnight loans. “Why would one bank borrow cash from another?” you ask. The Fed can require banks to keep a certain percentage of assets in the form of cash on hand or deposited in one of the Federal Reserve banks. From time to time, it will establish a required ratio of reserves to deposits.
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