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To: ChinuSFO who wrote (124670)	10/22/2012 9:21:41 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Apple is an awesome company. My post was not intended to beat up on Apple. I have family members who own Apple stock. However, even the very best of companies still operate within the global macroeconomic environment. If there is a global synchronous slowdown in progress, then those companies are going to be impacted. We're seeing that the top companies in this country are coming in weak. Many are flat out missing earnings expectations. Others are lowering future guidance. In fact, companies lowering guidance outnumber companies leaving guidance unchanged or increasing it, by 7 to 1 (I just read that today). So we have a serious slowdown already underway and it will continue to play out in Q4. Now my guess is that Apple may not meet earnings expectations or they may have enough order backlogs to draw from to just meet expectations. However, I think the probability is high that they will lower guidance for Q4. In fact, the odds are 7 to 1 that they will lower expectations. This is all consistent with the point I have repeatedly made....the economy continues to slow. This isn't a recovery. It's a contraction.