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From: 10101010 <bil...@gmail.com>
Date: Fri, 3 Jul 2009 11:52:20 -0700 (PDT)
Local: Fri, Jul 3 2009 2:52 pm
Subject: Re: Is the apple going to suffer from high unemployment and low spending power
Depends on what you mean by "suffer".
I think the current employment trend has enough history; and Apple relative sales have enough history, for one to be able to do some pretty simple extrapolation. It's common knowledge that Apple has fared far better than most comparable companies in this economy. That said; the MMs will push "AAPL" wherever they want, regardless of what's actually happening with "Apple". Steve Jobs said (many years ago) that Apple was going to get through the economic tough times through "innovation". That strategy's been working pretty well for them, I'd say. I can't wait to see what they will be unleashing in the next 12-18 months. On Jul 3, 12:16 pm, chleoku <chle...@gmail.com> wrote:
> As expected, our employment rate is reaching the dangerous 9.5% level
> and inching towards 10% benchmark of depression. Umemployment would > not peak until mid 2010. Looks like we are heading to the Dow 7500-800 > level soon: > http://www.wealthalchemist.com/Blog/2009/07/unemployment-nears-double...
> Is Apple going to suffer? You must Sign in before you can post messages.
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