04-18-2018 10:16:00 AM -0700
04-16-2018 01:32:51 PM -0700
04-16-2018 09:59:36 AM -0700
04-12-2018 09:53:41 AM -0700
04-10-2018 11:19:03 AM -0700
It looks like you've previously blocked notifications. If you'd like to receive them, please update your browser permissions.
Desktop Notifications are  | 
Get instant alerts on your desktop.
Turn on desktop notifications?
Remind me later.


Why I am not an economist

There seems to be near universal agreement among the economic  cognoscenti that Apple's glory days are over. After all, its last quarter profit was "only" $13.1 billion, or $13.81 a share. Wailing and gnashing of teeth time, what? Nor is that all. Sales rose--rose!--only--only!--18% to $54.5 billion while "analysts" had projected sales of $54.9 billion. Gosh.

To my uninformed eye these earnings seem like a tremendous success story. but the savants disagree. Result? Apple shares plunge about 10% in after-hours trading. That strikes me as insane, but, hey, what do I know?

Well, there is this one thing: that if Apple shares plunge now (as they have periodically in the past), they'll be a lot more attractive to investors willing to looking beyond this faddish panic.