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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (67392)	8/21/2007 10:55:42 AM
From: richardmccoach	Read Replies (1) \| Respond to of 213182

Ummm... sorta a nice day for AAPL, no?

To: GVTucker who wrote (67392)	8/21/2007 2:24:39 PM
From: Cogito	Read Replies (1) \| Respond to of 213182

OT >>The credit markets are going haywire. 90 day t bills are under 3% now. Two year notes are under 4%. It isn't a case of illiquidity. There's plenty of liquidity, it is just all going toward government securities because nobody wants to take risk. Ordinarily this would be an instance that would cause the Fed to cut rates sharply. But right now, that won't make a bit of difference, because liquidity isn't the problem. And if/when the Fed cuts rates, it won't do anything at all. It won't cause the price of ANY security to change. And when that happens, when the Fed cuts rates and nothing changes, THAT would cause panic, because people would come to the realization that the financial markets have gotten out of the Fed's control. So the Fed's stuck.<< GVT - Not necessarily. People aren't willing to take risks when it costs what it does to borrow right now. But if money were a bit cheaper, they might be more willing. - Allen