SPDR S&P 500 (SPY): Hi Gleno..re:apple. I don't directly tr...

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Re: GLENO34 post# 55911

Monday, 07/21/2008 7:03:41 PM

Monday, July 21, 2008 7:03:41 PM

Hi Gleno..re:apple. I don't directly trade apple, only as part of the basket of indexes.

My take is that the health of a high profile ceo like Steve Jobs will have a short (1-2 days) impact on index prices. Studies have shown that even big news events have a short impact, and then normal action resumes...that is speaking from an index perspective.

AAPL itself, may decline for some time..with the speculative money moving to other companies, if Jobs is considered irreplaceable..and, I know it didn't go well for apple the last time he stepped aside, so investors may move on.

In summary..I wouldn't buy apple now..but would look at competitors instead. From an index point of view, it may drop prices a bit for a day or two. Regards.

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