Three analysts came out today and said this is going to be a blowout quarter for AAPL, and estimates are conservative. One (AmTech) actually raised estimates “officially.” This stock is still in the shitter though, and can’t even capitalise on all of this widepread optimism. The December calls have been totally trashed.

I have rarely seen sentiment so sour in the face of such bullish calls. Its a real tell on market mood that so much negativity can have such a hold in the face of such global strength.

The US stock market is currently the in the worst state I have ever personally experienced. At least back in 2000/2001 there were good reasons to trash stocks - they were hideously over-valued. Right now, even if 2008 earnings growth estimates were to be 30% too high, the stock market would still be cheap.

Its easy to blame Goldman Sachs. But who is really to blame for this mess? I say its the SEC, which having singularly failed in its role as a regulator for years and missed scandals like Enron until it was too late to save investors, spent over a year obsessing over stock options backdating “scandals” in a classic “re-arranging the deck chair on the titanic” exercise, and finally scored a spectacular own goal this summer with the removal of the uptick rule right at the market top.

From Goldman literally conning the financial markets into the sub-prime/CDO mess over several years and emerging as the only winner in the game thanks to its judicious shorting of the entire business even while it was peddling the stuff to investors, to the SEC giving the green light to fuck investors and not just taking its eye off the ball but never having even watched it to begin with, the US market is a disaster zone devoid of any credibility thanks to these criminally negligent morons.

Well we’re back up around 180, would love to see some rally into the close

[quote author=“jnook1”]Well we’re back up around 180, would love to see some rally into the close

I’d like to see close up a $1, it would make me happy after all this.

Well in all the excitement the forum went AWOL due to technical issues and I didn’t get to comment that RIMM almost went under $100

Anyhoo, we closed green, but the options are another story, with even the Aprils getting hammered. The Decembers.. don’t get me started.

I just asked my “caga tio” (shit log) for this Christmas to bring AAPL to above $200, which is where it deserves to be.

For those who didn’t heart about Catalan traditional “caga tio”, I am adding two links to YouTube videos.

This funny but more instructive one (in English!)
 

This one taken from reality.
 

[quote author=“carbonat”]I just asked my “caga tio” ($#!% log) for this Christmas to bring AAPL to above $200, which is where it deserves to be.

For those who didn’t heart about Catalan traditional “caga tio”, I am adding two links to YouTube videos.

This funny but more instructive one (in English!)
 

This one taken from reality.
 

yess the future of aapl in the ‘hands’ of some hunk of wood… that’s what we need… 

Tommo : RIMM ROCKS! Yet it gained another $1.5 at the end ... I know someone that is long in RIMM and is ingoring downtrends, he even bought more today… (begin of the day) ... Offcourse I told him NOT to!

[quote author=“carbonat”]I just asked my “caga tio” ($#!% log) for this Christmas to bring AAPL to above $200, which is where it deserves to be.

For those who didn’t heart about Catalan traditional “caga tio”, I am adding two links to YouTube videos.

This funny but more instructive one (in English!)
 

This one taken from reality.
 

That’s awesome! Get that log to crap out some iPhones and I’ll be on the next plane over

[quote author=“ChasMac77”]

That’s awesome! Get that log to crap out some iPhones and I’ll be on the next plane over

It’s actually going to deliver an aTV for my sister, but she doesn’t know. (I hope she doesn’t read this though )

[quote author=“Tommo_UK”] ... A week ago? I can’t think of a quarter in the last 4 years when I haven’t said the same thing

Dec 4, 2007 - 4 years = Dec 4, 2003.  2003=2005 Jewish calendar?  Unless you’re channelling through me.

[quote author=“carbonat”]I just asked my “caga tio” ($#!% log) for this Christmas to bring AAPL to above $200, which is where it deserves to be.
For those who didn’t heart about Catalan traditional “caga tio”, I am adding two links to YouTube videos.

I think I’ll stick with a christmas tree

[quote author=“Tommo_UK”][quote author=“carbonat”]I just asked my “caga tio” ($#!% log) for this Christmas to bring AAPL to above $200, which is where it deserves to be.
For those who didn’t heart about Catalan traditional “caga tio”, I am adding two links to YouTube videos.

I think I’ll stick with a christmas tree

HAB

[quote author=“HotAirBaffoon”][quote author=“Tommo_UK”][quote author=“carbonat”]I just asked my “caga tio” ($#!% log) for this Christmas to bring AAPL to above $200, which is where it deserves to be.
For those who didn’t heart about Catalan traditional “caga tio”, I am adding two links to YouTube videos.

I think I’ll stick with a christmas tree

HAB

I have both.   

[quote author=“carbonat”][quote author=“HotAirBaffoon”][quote author=“Tommo_UK”]I think I’ll stick with a christmas tree

HAB

I have both.   

We do too, the log just comes after we take down the tree after the 25th.

HAB

[quote author=“HotAirBaffoon”][quote author=“carbonat”][quote author=“HotAirBaffoon”][quote author=“Tommo_UK”]I think I’ll stick with a christmas tree

HAB

I have both.   

We do too, the log just comes after we take down the tree after the 25th.

HAB

Yeah, or goes into the fireplace at the 25th. 

[quote author=“Plato”][quote author=“HotAirBaffoon”]
We do too, the log just comes after we take down the tree after the 25th.
HAB

Yeah, or goes into the fireplace at the 25th. 

I understand that it may seem unreal for who does not have been grown up with that tradition. LOL!. Be warned that the “caga tio” is a very respected and followed tradition here. Now I give you permission to continue mocking about it.  

[quote author=“carbonat”]
I understand that it may seem unreal for whom does not have been grown up with that tradition. LOL!. Be warned that the “caga tio” is a very respected and followed tradition here. Now I give you permission to continue mocking about it.  

Oh please don’t misinterpret my comments as disrespect for your or any tradition. Believe me I travelled around the world and saw the most amazing (and sometimes hard to believe) traditions or behaviors. And I love it and I think that makes it so great to travel and talk to other people about their cultures – that makes this planet such a great place – period.  Being a ‘stranger’ in the U.S. myself, I am subject to pitiful and amazed smiles sometimes myself when telling about my traditions! 

OK, now back to your firewood log.