fmikehugo - that's nuts
Not you ... but the moron who would come up with the idea that AAPL would rally on strong bond/bank action because it's got a huge cash pile.
The bonds and banks are rallying because any chance of a rate hike has been moved back by the weaknesses of the jobs report. That means the banks are going to get to keep borrowing the money they lend for much less, and the lucrative carry trade is fully intact.
Apple is on the OPPOSITE side of that trade. They are the ones lending the money to the banks ... and getting squat in return. Interest rate drops HURT Apple's ability to earn on the cash stash and the prospect of interest rate hikes will spur future earnings expectations higher.
Again, I know you didn't write the note, but the rate issue is as ludicrous as the Sony rumor. Speaking of which ... what is this, like the 9,999th time that rumor has circulated? I don't recall the stock ever spiking like that on the back of the perpetually recirculating Sony rumor.
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