Apple stock woes: I can hear Steve Jobs yelling "WTF?!?" from here

[thatcrazycajun]

Seems Apple Inc. (yes, the maker of more Macintosh® computers than ever and the company that now abso-frakkin'-lutely pwns the digital-music market, courtesy of its iPod/iPhone family) has yet again fallen afoul of investors. Despite posting its best damn quarter in its over-three-decade history, its stock still slid big-time in after-hours trading yesterday, just because its massive increase in filthy lucre inflow wasn't quite as massive as the analysts on Wall Street (notice what word makes up the first couple syllables of "analyst"?) had been looking for.

Consensus on the discrepancy between Apple's success and shareholder bearishness seems to be (as BusinessWeek Online reports here) that it arises, at least in part, from the market's chewing its collective nails down to the cuticle in terror that a recession is about to hit the US (and its businesses) where it hurts the most.

Comments

[filkertom.livejournal.com]

I despise those analysts. One guy can decide that a company didn't pillage enough from its customers for his liking, and say it's "performing below expectations" or something like that. Greedy, short-sighted motherfuckers.

[thatcrazycajun.livejournal.com]

Agreed. But I can practically guarantee you can't possibly loathe them as much as ol' Steverino does right about now...

Upson Downs

[sodyera.livejournal.com]

Kid, back in 005 I bought stock in Apple (stock symbol: AAPL) when it was $55 per share. I watched with glee when it rose to $90/share in January 006, then sold in the spring at $76 before it declined to $55 again, a little before the 5th Av. store opened. I meant to buy back in but cash was declining and signals were confused. Then it shot up again in the 2nd half, past 70, 80, 90! Oy, did I miss that boat; such a schmuck I was! Esp. so when it peaked at $198/share a few months ago. Now all that money's gone to medical bills and AAPL's coming down again. No justice, no peace. No cash.

Recession?

[harmonyheifer.livejournal.com]

Two guys who were supposed to be experts on the economy were on NPR the other day and both of them said that we already were in a recession, and gave some pretty good indicators to back up what they were saying. One guy even suggested that this economic downturn looked a lot like the one in 1929. That really sent a shiver down my spine. The third expert disagreed with the other two, but only to say we were probably just on the verge of a recession.

My grandma used to say that if three people tell you that you are dead, you should at least lay down. I really think we are close to the laying down stage on a recession. I would be willing to guess that most of the working poor in this country can't bother to even have this discussion. They are too busy working the third job so they can keep gas in the car food on the table and the electricity going.