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Oct 06, 08 - 02:35 pm Comment from: Anonymous©

How is it that there are any analysts left? I thought all the investment banks went bust.

Oct 06, 08 - 02:42 pm Comment from: MacMan

DELL is a one-trick pony because it ONLY sells computers. Apple is a 3.5 trick pony: Macs, iPods, iPhone & AppleTV.

My $0.02 worth...

How dumb is Um?
Well, APPL is going back up.

Well, I just ordered a 16 GB iPod Touch. So some of us are still buying. According to CNN Money, AAPL now carries a P/E of 18.3, which is approaching "value stock" territory! Ouch, that hurts!

I hope Apple resists the temptation to issue a pile of new options to their execs. If they don't, they'll sacrifice a lot of profit once a sense of sanity returns to the market.

Hmmm, when Bush took office, the Dow was around $10,500. Eight years later, ignoring inflation, it is down. During Clinton's term, the Dow increased 300%. Interesting.

Oct 06, 08 - 02:57 pm Comment from: jtc

During clinton's term we also had osama bin laden basically handed to him... and yet he did nothing... oh and now the world trade center is gone and we are at war still.... wonder how it would have been if clinton just said shoot the dude and bury him in a hole.

Sum Jung Gai:

<simpsons>Hey, don't blame me, I voted for Kodos...</simpsons>

I bought my first iPod yesterday so my spending is increasing, not decreasing. Next up - my first laptop, probably Macbook.

Oct 06, 08 - 03:01 pm Comment from: Demon

I got another long position of 5500 shares of AAPL at $89.12, score.
Love the Fire sale sellers that aren't looking at the big broad picture.

Yup Apple should suffer. They deserve it.

@Sum Jung Gai, or anyone interested in what destabilized the first card in this current crumble:

http://www.snopes.com/politics/business/easescredit.asp

Er, jtc, that was bin Laden family's buddy Dubya (the bin Ladens were big partners with Bush Sr. in Carlyle) that was handed bin Laden and let him go. It was Dubya who ignored Clinton's intelligence warnings about al Qaeda, and it was Dubya who finally said he doesn't care about finding bin Laden and doesn't think about him any more.

Clinton's the guy who actually kept al Qaeda from attacking for eight years.

I think you have your presidents confused. Besides, I thought this article was about the economy.

Demon, you're a smart person. Fire sale is the term that occurs to me too. Wish I had cash.

at the end of the day, AAPL 97.54 +0.47

Not bad for a day where it set a new yearly low of $87.54

-jcr

@ Raymond in DC:

Apple just announced a huge whack of options for execs last week.

@Demon

When I'm loaded enough to drop half a million dollars on a stock, something tells me I'll have more important things to do than hang out posting on blogs.

Damn, maybe all this posting is why I haven't made my first million yet!

Or maybe I should post more and somehow that'll get me there.

I wonder: Does Demon = Rush Limbaugh?

Yeah..

And now we have fewer civil rights, the nation's reputation worldwide is in tatters, despite billions spent on war in Iraq and Afghanistan Osma is still on the loose, our military is stretched so very think, we're on the verge of a financial crisis, and we are by all measures no safer from terrorists. The middle class is making less and less, our healthcare is quickly rivaling that of 3rd world countries, we have only the 11th best internet infrastructure in the civilized world, and our national debt is getting so high that we may never be able to pay it off....



Yeah.. I'd say it's been a great 8 years....

You're oversimplifying, Digits. The right-wing laissez-faire small-government, no-regulation nuts were pushing for the repeal of Glass Steagall since Reagan's first term. I blame the Democrats too, for caving to the Republicans on this issue, and I blame Clinton for not vetoing it, but it was always a right-wing initiative. Go Newt!

In fact, McCain was a huge, loud proponent of deregulating the banks. How's that working out for you?

Oct 06, 08 - 03:11 pm Comment from: shen

"I wonder: Does Demon = Rush Limbaugh?"

no Tush is, at best, a minor imp of hell.....

Uh, AAPL just finished up .63
Usually when the market is down 300, AAPL
is also down. Today shows possibly new investors in a healthy company. Take your RIMM and put it in AAPL.

Oct 06, 08 - 03:13 pm Comment from: shen

"In fact, McCain was a huge, loud proponent of deregulating the banks. How's that working out for you?"

it is working out pretty well for a number of people who trashed everything and bailed out into golden parachutes.

just have to retire to a country where the economic regulations aren't a joke so you can keep your cash....

Oct 06, 08 - 03:18 pm Comment from: Randian

When, oh WHEN, will you people stop bringing your narrow political agendas to this site? Is there no balm in Gilead? No rest for the weary?

Oct 06, 08 - 03:26 pm Comment from: Macromancer

"we are at war still."

Explain how we are at war? Define war, and define how to measure if it has been won. Use specific examples.

I'll wait.

Oct 06, 08 - 03:30 pm Comment from: Sixvodkas

@Sum Jung Gai

Your political hatred makes you stupid, and your revisionist view of history sucks @ss.

I'm going to rub your nose in poo now, 'cos the World Trade Center WAS BOMBED DURING CLINTON'S ADMINISTRATION.

The bombing failed to bring down the towers, but after much planning, they found success on 9-11.

You, sir, are a cheap political hack.

Oct 06, 08 - 03:37 pm Comment from: Sixvodkas

@Sum Jung Gai;

"In fact, McCain was a huge, loud proponent of deregulating the banks. How's that working out for you?"

I don't know, but since it was BILL CLINTON'S administration that passed it, why don't you ask him?

Oct 06, 08 - 03:42 pm Comment from: macintosh16tx

I'm sorry, but the whole reason we are in the mess right now with the banking is because of Clinton. Giving loans to people who can't afford them. This whole sub prime mess. Oh, you make 30k a year, and you want a 200k home, not a problem, how about no down payment, first 5 to 6 years only 300 dollars a month with a low rate, and then after we'll raise it a little. 5 Years later, 200 becomes 2000 dolalrs with a 19% interest rate........ then, umm I can't afford that, foreclosure....

Just my two cents!

The MSM's definition of "change" is:

C ontrivance (to)
H elp
A
N igger
G et
E lected

Oct 06, 08 - 03:52 pm Comment from: ElderNorm

I don't usually stoop to politics, but you Pres. Bush fans, Please tell me how its Clinton's fault when its been 8 years......

Could it be possible that the last two terms never amounted to anything and its Clintons fault for everything. ??? Dreaming are we again.

Just a thought.
en

Oct 06, 08 - 03:53 pm Comment from: Sixvodkas

I tell you, nothing makes me madder than revisionism...

How about Bill Clinton's unilateral bombing of Afghanistan in 1998?

Clinton, on the eve of his impeachment trial, with NO U.N approval, NO international support WHATSOEVER, bombs the beejeebers out of Afghanistan and the Sudan.

http://www.cnn.com/US/9808/20/us.strikes.01/

Many, many people at the time felt that it was Bill Clinton's "cowboy diplomacy" that directly led to the World Trade Center bombings that followed 6 months later.

http://news.bbc.co.uk/onthisday/hi/dates/stories/february/26/newsid_2516000/2516469.stm

BUYING OPPORTUNITY!!!!!!!!

I'm trying to free up some cash so I can buy some Apple shares now. It was as low as 87 today. That means it has to reach 174 to double your money. Around Aug/Sept it was around 180.

Ok, MacMan, ElderNorm.
Just post your comment and have done with it.
We already know it's your 2¢ worth, or 'just a thought'.
It's redundant.
As are most of your comments.

Oct 06, 08 - 04:06 pm Comment from: KingMel

@MidWest Mac

Demon said "...long position of 5500 shares of AAPL at $89.12, score." I would take that to mean that he purchase options to buy 5500 shares of AAPL at $89.12 at least a few months down the road. Options are sold in units of 100 shares, so he bought 55 call options, not 5500 shares outright.

I don't know what he paid for those options - that changes depending on the market volatility, current share price at the time of the purchase, option strike price, and duration of the option - but it is likely to be a relatively small percentage of the share price. Sounds like Demon made a very good move to me.

Oct 06, 08 - 04:10 pm Comment from: Arnold Ziffel

Some people! Mr. Dance Table, methinks you belong in the mid-1800s.

It was difficult watching AAPL on my iPhone today...until the last couple of hours. I mean, AAPL took more than its share of the beating last week and the week before.

Sixvodkas, sleep this one off. Your hangover will be over after the inauguration. Yes, Clinton bombed Afghanistan, but he wouldn't have been in that mess in the first place if Bush Sr. and Rumsfeld hadn't armed, funded, and trained the Taliban, Hussein, and Osama during Reagan's term.

Not to mention Noriega, but that's another story. Same basic thing though.

to Sum Yung Guy & the likes who think Bill Clinton's years was better, think again. If Our great president wasn't into Cuban cigars & chubby interns & spent more time in the nation's interests, we mighta be able discover & caught those fcuking tetorists b4 they even had any chance at all. Since he failed miserely so we lost our people & towers, hence the lingering war that's having montrous effects on the whole world's economy & then some. Things are bad now & looks pretty gloomy from here on esp. if that inexperience guy with questionable past somehow takes the office next month. I really hope not.

@SJG

Yes... of course Sixvodkas is steaming mad at revisionism, but his memory is selective at best... dogmatic f-heads make me madder than Sixvodkas.

Last chance to buy AAPL below $200, folks! The party's just started!!

Oh wait...

Glad I live in England! A powerless Head of State seems to have numerous benefits over an "elected" one. (Who has to be Handsome, screen-friendly, a good actor, supported by mega-millions in advertising... An ugly but benevolently clever guy would be ideal, but how would he/she be elected?)
Probably an even better solution would be an inanimate head of state - say a box of cigars, or an Edison phonograph or a Mac Plus.. It would appear on stamps and currency, and would be unable to declare any wars. Or maybe a lovable kitten? Who could not vote for sweet Kitty? Especially if she had been Governor of Alaska for six months...

that's exactly how it played. The Democratic MINORITY in congress in 1998, '99, and 2003 without control of the agenda or any committee chairs was able to push through a DEREGULATION of fannie/freddie to allow bad lending. The same super-wealthy financial industry we just gave a $trillion to was simply dominated and outsmarted by low-income and minority homebuyers. You remember, the folks Bush bragged about as the "ownership society." Please.

Yet another failure of anti-American right-wing economic theory (bought into by many Democrats) that the government exists to help businesses, not the actual citizens. And if you just jumped to say that helping gigantic businesses helps everyone, read some Ron Paul. I hope to make a lot of money with AAPL, in a great country founded by, for, and of the People.

"AAPL now carries a P/E of 18.3, which is approaching "value stock" territory! Ouch, that hurts! "

Since when was a P/E of 18 considered "value"? The median P/E over the last 132 years has been 11.

yes! Let us destroy each other with rants and raves. Better still to believe our votes determine the courses of our nation.
wealth and power are intertwined and if you are neither wealthy nor powerful do not be deceived into believing that you have any say in the matter,
CONSERVATIVE REPUBLICANS listen up--you may root for your team and believe its virtues but if you are not actually playing on the team you will not share its spoils.
LIBERAL DEMOCRATS hear now--those who proclaim to represent you represent themselves first, last and always.
THE SOLUTION is easy--vote your ECONOMIC INTERESTS always and do not be distracted. The rest is commentary. Never sway--make the guy who promises YOU relief, deliver. If you have no relief vote the bastard out; Sooner or later they will catch on.
One day, your country, having delivered on its promises, will ask you to perform a small service in recompense. Do not hesitate to comply` if you have been rewarded.
This is America and it is good.

You folks don't get it. A good company is a different thing from a good stock value.

ccap1: "One day, your country, having delivered on its promises, will ask you to perform a small service in recompense. "

Sounds a lot like:

“Someday, and that day may never come, I will call upon you to perform a service for me. And you must not refuse” (Marlon Brando in The Godfather)

In times of crisis, people tend to shy away from innovation. They want to just have the same old thing that they are used to. They usually don't realize that it is the 'same old thing' that has gotten them into the place where they are. They don't want the risk of the 'new'.
This is mainly true in investments and education. Which means it will be good for the Dells and the M$ but not for Apple.
It is just the opposite for politics which means it will be good for Obama and not for McCain.

Hey zeke,
Yeah it is exactly like that. Everything we need to know about good (and bad) government can be learned from The Godfather.
And yes, that sounds a lot like a a line from "You've Got Mail" but that should not dissuade you from the accepting the beauty and truth of the argument.
Oh yeah, and wings2Sky:
Apple innovated during the last downturn and emerged with a blockbuster product line, increased market share, record profits and soaring stock performance (it is still holding some of that gain).
So the point is not to innovate through the crisis but out of it. The Dells and Microsoft's will hoard their cash and ride out the downturn but Apple will emerge with another Game Changer.

Oct 07, 08 - 12:35 pm Comment from: LuneUnion

It seems to me that there is nearly universal belief that it was the deregulation of our financial institutions that led to our current negative situation. In such case, it becomes most relevant to ask oneself, what would the two candidates currently running for President likely do? What is their personal track record on the issues, what have they stated they would do and possibly when did they come to that conclusion?

Any takers for that discussion?

BTW - AAPL seems like a good buy now, I would expect better in the not to distant future, but I agree with the above poster, options look like a good possible way to hedge that bet. Personally long AAPL (and have been since 2001)