I suspect you do not appreciate, at all, what is going on here in the states. Yes, yes, yes, the economy in the UK and Europe is shockingly great at the moment. Rare event indeed. It is, typically, the U.S. in great shape and you guys in the toilet.
We have a CLEAR bifurcation here in the states. The poor are as poor as ever and are in rather deep trouble. The middle class has overspent, depended on housing values to the complete illusion of wealth and is in DEBT to their eyeballs. There is also a CLEAR geographic disparity as to who feels this pain and who is not feeling it. John B. and I live in the tri-state area and frankly, we are not experiencing much. Yes, homes are sitting for sale all over but business and incomes are strong that even the sellers just sit with their signs and wait without dropping their price much. Transfer that to California, DC, Florida, Arizona and take Ohio and middle America and shoot it from Michigan to west coast. Things have gone form a hush hush to a mild scream of a economic mess with increasing prices, abandoned homes and red ink for net worth.
Again, I am not looking at today, tomorrow or Tuesday for a MAJOR correction. Did you process that? I am, however, 100% sure a MAJOR correction in stocks is close- VERY CLOSE. and your AAPLE - that nice big juicy red AAPLE will be bitten like everyone else. I am not talking 2 years from now either.
So, lets sum up. The U.S. consumer IS NOT GOING TO SAVE THE WORLD FOR A WHILE. The stock market will correct and AAPL will be part of that. Like everyone else, they will no have as many customers.
Finally, lets get specific. By October 21, 2008, AAPL will have lost 25% of its current value - at least. The question I ask is when to BEGIN to short such a stock and it is not tomorrow morning. Tuesday is certainly a possibility. You might want to research the action in that stock after their spring 2007 report. Remember it is BUY LOW and SELL HIGH.
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