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To: Win-Lose-Draw who wrote (78582)10/5/2008 8:58:12 PM
From: happy_camper  Read Replies (1) | Respond to of 213173
 
As much as I think the bailout doesn't solve the problem, I think it was better to have it passed than not to. DOW would have been down 1000 point Friday if it didn't pass...maybe we're just prolonging the inevitable.

What we need now is time to heal and hopefully the stock market doesn't go down the crapper while the economy is healing.

As for AAPL, no company can swim upstream against this economic current but AAPL is probably positioned better than most. But even good/great companies get slammed in a bear market.



To: Win-Lose-Draw who wrote (78582)10/5/2008 10:36:19 PM
From: JP Sullivan  Respond to of 213173
 
We're pretty much in uncharted territory here. That's why the haphazard Fed/Treasury actions of late. What else could they have done? This mess has never been seen before and there's no script to follow. Ironic how all the mortgage backed securities and their derivative cousins were supposed to have "spread" the risk after the LTCM fiasco. It's spread so well that everyone gets creamed. Unbelievable!

-we-


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