Quote:
Originally Posted by llama64
Apple is a luxury manufacturer. They will be hit hard by a recession (call a spade a spade...).
I rarely pay attention to day traders. They can squawk all they want about losses and such, but I have no sympathy for people who try to flip houses, flip stocks and other get rich quick schemes.
Apple 5 Years ago (2003): $10.85
Apple today (2008): $105.90
http://finance.yahoo.com/charts?s=AA...urce=undefined
Seems like growth to me.
The people I have sympathy for are those who just retired or draw their income out of a stock heavy retirement fund. They might not have the time to recover their losses... |
Well I'm just learning economics of how the stock market and real estate business works, but I tend to agree. This sort of pie in the sky, speculation stuff is really scary for the number of $ being thrown around. I mean its one thing to buy a 649 ticket, but people are gambling with huge $$ which is sort of crazy.
I support the $700B bailout only because credit cannot be frozen or else the economy is done. However, I would like to see the stock market return to smart investing based upon value, and intellect and entreupreneurship being promoted as opposed to this mess of greed the US seems to be flooded in.