Bounced off that $109 on this “breaking news”, have the turkeys hit the ground yet? Or did a bunch just land on the front porch?

[quote author=“enature”]These are sentiment downgrades. The reasons they cite other than the economy,  are silly - like expenses for iPhone development slow earnings - this is crap.
AAPL earnings are growing. The stock price will be above current levels of $110 when earnings are announced.
I’m moving cash to my account to buy calls.

No. This is fallout from congress not acting fast enough. Fortis failed this weekend and was essentially nationalized. The Euro banks are panicked and because everybody is interlinked, our markets are getting dinged.

Moreover, central banks are doing nothing but printing money the world over attempting to get some liquidity into the credit market. Nobody has cared about inflation, but now the market is pricing inflation in and that is why we’re seeing downgrades.

[quote author=“enature”]These are sentiment downgrades. The reasons they cite other than the economy,  are silly - like expenses for iPhone development slow earnings - this is crap.
AAPL earnings are growing. The stock price will be above current levels of $110 when earnings are announced.
I’m moving cash to my account to buy calls.

EXCELLENT CALL

The market it’s buzzin’.....new product launch tomorrow???
info   That should be intersting….Mega ?ber Rollercoaster….

[quote author=“Eric Landstrom”]

Moreover, central banks are doing nothing but printing money the world over attempting to get some liquidity into the credit market. Nobody cares about inflation, but the market is pricing inflation in and that is why we’re seeing downgrades.

You are right about central banks up till now….You can be sure they will co-ordinate beginning today

am eyeballing the Nov AAPL calls if the stock gets any lower by the close today…. Earnings will be stellar but guidance is the big ?

[quote author=“irieblue”] AAPL’s short interest has increased almost 25% since August, and is now just shy of 3 days to cover the short interest (I can’t recall when last I’ve seen this much short interest in AAPL).  http://online.wsj.com/mdc/public/page/2_3062-nasdaqshort-highlites.html
...

3 days until the short selling ban on financials is set to expire as well. Any correlation?

I fear that if the Congress lets us languish until Wed on a final vote, the market will continue to whither until then. Which would be fine if you are in alot of cash right now. Or heavily short stocks that are not banned. 

[quote author=“Eric Landstrom”][quote author=“enature”]These are sentiment downgrades. The reasons they cite other than the economy,  are silly - like expenses for iPhone development slow earnings - this is crap.
AAPL earnings are growing. The stock price will be above current levels of $110 when earnings are announced.
I’m moving cash to my account to buy calls.

No. This is fallout from congress not acting fast enough. Fortis failed this weekend and was essentially nationalized. The Euro banks are panicked and because everybody is interlinked, our markets are getting dinged.

Moreover, central banks are doing nothing but printing money the world over attempting to get some liquidity into the credit market. Nobody has cared about inflation, but now the market is pricing inflation in and that is why we’re seeing downgrades.

I agree.  While I know I shouldn’t be hoping/relying on a government’s bailout, at the same time it was extremely frustrating to see inaction for the whole week last week.  I mean, they came out and announced the plan last LAST Friday and we saw a huge jump, indicating a positive reaction from the market.  The longer they delayed this, the less positively it’ll be received.  Just look at what the market is doing now, I can’t express enough frustration at the bureaucracy and inefficiency of them coming together at a timely manner when they knew what the right thing to do was.

[quote author=“SNIPUS”][quote author=“Eric Landstrom”]

Moreover, central banks are doing nothing but printing money the world over attempting to get some liquidity into the credit market. Nobody cares about inflation, but the market is pricing inflation in and that is why we’re seeing downgrades.

You are right about central banks up till now….You can be sure they will co-ordinate beginning today

Didn’t you just catch Steve on CNBC? HE says the presses will run without end. Central banks don’t care about inflation. Moreover, central banks are backstopping the lack of liquidity in credit markets with the only tool they have: by printing money and giving it to frozen credit markets in an attempt to free them up—which by doing so is diluting the value of their currency and thereby increasing inflation.

CNBC has a risk map up of which markets are trying to crash.

VIX is at 39.59.

108….OMG…....  

24 Million shares in less than an hour.

I’m sorry guys, but I don’t have the stomach for this. I bailed on my recently re-initiated $125 basis long position…selling at $115.58. Not sure when I’ll be getting back in…this is freaking scary!!!

edit: I’ll be joining Tommo under the duvet…my own of course.

I think it is NOW the time for the Apple management to come out and reassure WS that the Q numbers they gave as guidance will be handily met.

Of course, only if it’s true!

108 holding?........seems like some resistance 107-108

They can’t beat Apple using technology. So they are shorting the stock.

This is INDUSTRIAL TERRORISM.