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Originally posted by gottago
That sounds so reasonable and reassuring.
But the 20 Sept. Fed cut of a 1/2 pt. was characterized in the msm financial pages as 'desperate.'[/url]
3/4 pts. is what then?
They punish a company like apple for being honest and saying that the economy is down and that they will most likely sell fewer products. The market acts like they didn't expect this. These people get paid to follow this stuff and yet they are surprised when they find out that apple doesn't expect another record quarter?
Apple (APPL) posted record quarterly earnings late Tuesday but issued an outlook for revenue and earnings that both fell far short of forecasts,