Friday, February 19, 2010

The Fed; And AAPL

What the fed just did - raising the discount rate - is a positive.  No, actually it's hugely positive for the eurozone as it's a stimulus without spending a dime.  It takes away many bearish trump cards all at once.  Rates will be historically low for a very long time, and it also signals a return to more 'normal' times.  Regarding AAPL, I must say I'm frustrated at how it trades.  Even at slightly over 200, it's trading at a peg of about .35 to .50x.  That's ridiculous......But AAPL just trades this way sometimes.  When the naz is locked down, AAPL is stuck.  If we had the uptick, the stock would probably be $35 to $50 higher right now, as it would be harder to pin stocks to an index.....

long AAPL

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